Boron One Announces Closing of Financing

Core Viewpoint - Boron One Holdings Inc. has successfully closed a private placement, raising gross proceeds of $506,750 through the issuance of 10,135,000 units at a price of $0.05 per unit [1] Financing Details - Each unit consists of one common share and one common share purchase warrant, which can be exercised for three years at an initial price of $0.05, increasing to $0.10 in the subsequent two years [1] - The company has the option to accelerate the expiry date of the warrants if the stock trades at $0.12 per share during the initial period and $0.22 per share in the following period [1] - Related party transactions accounted for 240,000 units issued to an insider, with the fair market value being less than 25% of the company's market capitalization [1] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital requirements [1] Additional Information - The company paid finder's fees of $19,250 and issued 231,000 broker warrants as part of the financing [1] - The private placement is subject to conditions, including necessary approvals from the TSX Venture Exchange [1]