Boba to Arrange Financing Led by Andrew Shore
TMX Newsfile·2025-12-29 13:28

Core Viewpoint - Boba Mint Holdings Ltd. is initiating a non-brokered private placement to raise between $250,000 and $750,000 through the issuance of common shares priced at $0.10 each, aimed at supporting general working capital and game development at WERD Studios [1][2]. Group 1: Offering Details - The private placement will consist of a minimum of 2,500,000 and a maximum of 7,500,000 common shares [1]. - The offering may close in multiple tranches and is subject to necessary corporate and regulatory approvals, including CSE approval [4]. - The securities issued will be subject to a statutory hold period of four months plus a day from the issuance date [4]. Group 2: Insider Participation - Andrew Shore, CEO and founder of WERD Studios, is expected to subscribe for at least 2,500,000 common shares in the offering [3]. - Mr. Shore's participation qualifies as a "related party transaction" but is exempt from formal valuation and minority shareholder approval requirements due to the transaction's size relative to the company's market capitalization [3]. Group 3: Company Overview - Boba Mint Holdings is a blockchain gaming and digital innovation company focused on developing consumer apps and blockchain projects that integrate technology, gamification, and real-world utility [6]. - The company's mission is to create engaging products that positively impact users' daily lives [6]. Group 4: Business Progress - The company reports promising progress with its Amino platform, particularly in user growth and engagement, indicating a focus on scaling and building momentum [5].