Boron One closes $134,000 final tranche of financing

Executive Summary

• Boron One Holdings Inc. completed its second and final financing closing, issuing 3.35 million units at $0.04 per unit for gross proceeds of approximately $134,000.
• The placement included cash commissions of $10,120 and the issuance of 90,000 broker warrants on the same terms as the unit warrants.
• Net proceeds are earmarked for working‑capital needs; related‑party units (200,000) were issued under exempt securities provisions.

Key Details

• Units sold: 3,350,000 units at $0.04 per unit → Gross proceeds: $134,000.
• Commission paid: $10,120 in cash.
• Broker warrants: 90,000 warrants issued on the same terms as the unit warrants.
• Unit composition: Each unit = 1 common share + 1 common share purchase warrant.
• Warrant exercise price: $0.05 per share in year 1; $0.07 per share in years 2‑3 (subject to acceleration if stock trades ≥ $0.10 for ten trading days).
• Holding period: Units subject to a 4‑month‑and‑1‑day hold period per TSX Venture Exchange rules.
• Related‑party transaction: 200,000 units allocated to two insiders; exemption relied upon under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61‑101 (fair market value < 25 % of market cap).
• First closing reference: Aug 22 2025 – raised $535,000 via 13,375,000 units.
• Use of proceeds: Net proceeds to be used for working capital requirements.
• Regulatory approval: Private placement pending TSX Venture Exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)