Business
Boron One Completes Private Placement
VICTORIA, BC / ACCESSWIRE / May 25, 2023 / Boron One Holdings Inc. (" Boron One ") (TSXV:BONE) i...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Boron One Completes Private PlacementVICTORIA, BC / ACCESSWIRE / May 25, 2023 / Boron One Holdings Inc. (\"Boron One\") (TSXV:BONE) is pleased to announce that it has completed its non-brokered private placement offering initially announced on May 15, 2023 for an oversubscribed amount with aggregate gross proceeds of $555,000.18.Pursuant to the terms of the private placement, Boron One issued 7,928,574 units (\"Units\") at a price of $0.07 per Unit. Each Unit is comprised of one (1) common share (\"Common Share\") and one (1) Common Share purchase warrant (\"Warrant\"). The Warrants are exercisable for two (2) years at a price of $0.15.The Warrants also have an acceleration clause whereby if the Common Shares trade on the TSXV at a price equal or greater than the designated trigger price for more than ten (10) consecutive trading days, Boron One shall have the right to give written notice to the holder requiring the holder to exercise the Warrant, in whole or in part, within a period of thirty (30) days from the date of receipt of notice from Boron One.The Common Shares and Warrants comprising the Units will be subject to a four-month and one day hold period in accordance with the policies of the TSXV and applicable securities legislation.The net proceeds from this financing will be used to fund further development of its wholly owned Piskanja boron project in Serbia, and for general working capital purposes.This offering has been carried on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. Three arm's length finders are to be paid a finder' fees for $11,200.00 in accordance with the rules of the TSX Venture Exchange Corporate Finance Manual. In addition, 90,000 Broker's Warrants are to be issued. These warrants will be on the same terms as those issued to subscribers, exercisable for two (2) years at a price of $0.15.On behalf of the Board of Directors,Blake Fallis, General ManagerAbout Boron OneBoron One Holdings Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol \"BONE\". For detailed information please see Boron One's website at www.boronone.com or the Company's ...