Boron One Announces Closing of Financing

Boron One Holdings Inc. (TSXV:BONE) has finalized the second and final tranche of its non-brokered Unit Private Placement, as announced on September 25, 2024. The first tranche raised $258,500 through the sale of 5,171,000 Units. The second tranche added 1,880,000 Units at a price of $0.05 per unit, generating a gross proceed of $94,000. Finder's fees of $1,500 and 30,000 broker warrants were issued for this tranche.

Each unit in the financing consists of one common share and one common share warrant, with each warrant allowing the holder to purchase an additional common share for $0.07 for up to 30 months from the closing date.

The net proceeds from the offering will go towards working capital requirements. The securities are under a statutory hold period until January 26, 2025.

The announcement was made on behalf of Boron One's Board of Directors by Tim Daniels, President.