Boron One Announces First Closing of Financing

Core Viewpoint - Boron One Holdings Inc. has successfully accepted subscriptions for 10,135,000 units at a price of $0.05 per unit, resulting in gross proceeds of $506,750, which will be used for working capital requirements [1][3]. Group 1: Financial Details - Each unit consists of one common share and one common share purchase warrant, with an exercise price of $0.05 in the first year and $0.10 in the subsequent two years [1]. - The total gross proceeds from the private placement amount to $506,750 [1]. - The company paid finder's fees of $19,250 and issued 231,000 broker warrants as part of the private placement [4]. Group 2: Related Party Transactions - A total of 240,000 units will be issued to one insider, qualifying this as a related party transaction [3]. - The company is relying on exemptions under sections 5.5(a) and 5.7(a) of MI 61-101, as the fair market value of the shares issued to the insider is less than 25% of the company's market capitalization [3]. Group 3: Regulatory Compliance - The common shares and warrants will be subject to a four-month and one-day hold period in accordance with TSX Venture Exchange policies [2]. - The private placement is contingent upon receiving all necessary approvals, including those from the TSX Venture Exchange [4]. Group 4: Company Overview - Boron One Holdings Inc. is an international mineral exploration and development company with boron assets located in Serbia [4]. - The company is headquartered in Victoria, B.C., Canada, and its shares are traded on the TSX Venture Exchange under the symbol "BONE" [4].