Boba to Arrange Financing Led by Andrew Shore

Executive Summary

• Boba Mint Holdings Ltd. announced a non‑brokered private placement of 2.5 M–7.5 M common shares at $0.10 per share, targeting gross proceeds of $250 k–$750 k.
• The offering is expected to close in one or more tranches and will be used for general working capital and additional game development at WERD Studios.
• CEO Andrew Shore (founder of WERD Studios) will subscribe for the minimum 2.5 M shares, constituting a related‑party transaction exempt from minority‑shareholder approval under MI 61‑101.

Key Details

• Shares Offered: Minimum 2,500,000 – Maximum 7,500,000 common shares.
• Issue Price: $0.10 per share.
• Gross Proceeds Target: Minimum $250,000 – Maximum $750,000.
• Closing Structure: May occur in one or more tranches; subject to corporate and CSE approvals.
• Use of Proceeds: General working capital; may be allocated to further game development at WERD Studios.
• Related‑Party Participation: Andrew Shore (CEO & founder, insider) to subscribe for the minimum 2,500,000 shares.
• Regulatory Exemption: Transaction falls below the 25 % market‑cap threshold, exempting it from formal valuation and minority‑shareholder approval under MI 61‑101 sections 5.5(a) and 5.7(1)(a).
• Statutory Hold Period: Shares issued will be subject to a four‑month plus one day hold period per securities legislation.

Notable Quotes

“The progress we are seeing with Amino has been extremely promising, particularly in terms of user growth and engagement. Our focus now is on continuing to support the business as we scale and build on this momentum,” – Andrew Shore, CEO & Founder, WERD Studios.