Boba Mint Closes First Tranche of Financing Led by CEO Andrew Shore

Core Viewpoint - Boba Mint Holdings Ltd. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $250,000 through the issuance of 2,500,000 common shares at a price of $0.10 per share, fully subscribed by CEO Andrew Shore [1][2]. Group 1: Offering Details - The first tranche of the Offering raised $250,000 by issuing 2,500,000 common shares at $0.10 each [1][2]. - The transaction is classified as a "related party transaction" due to Mr. Shore's involvement, but is exempt from formal valuation and minority shareholder approval requirements as the fair market value does not exceed 25% of the company's market capitalization [3]. - The net proceeds from the Offering will be utilized for general working capital and to support game development and platform growth at WERD Studios [4]. Group 2: Shareholder Information - Prior to the subscription, Mr. Shore owned 18,000,000 common shares, representing approximately 17.47% of the total shares. After the subscription, his ownership increased to 20,500,000 shares, or about 19.43% [6]. - Mr. Shore may engage in future transactions involving common shares depending on market conditions and other relevant factors [7]. Group 3: Regulatory and Compliance - All securities issued in the first tranche are subject to a statutory hold period of four months plus one day from the issuance date, in accordance with applicable securities laws [5]. - The closing of the Offering is pending final regulatory approval from the Canadian Securities Exchange, with the potential for additional tranches to raise up to $750,000 in total [5]. Group 4: 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 [10]. - The company's mission is to create engaging products that positively impact users' daily lives [10].