Boron One Announces First Closing of Financing
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BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Announces First Closing of Financing
September 27, 2023
Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV: BONE]") is pleased to announce that the
Company has accepted subscriptions for 9,140,000 units at a price of $0.05 per unit, for gross proceeds of $457,000.
Each unit is comprised of one common share and one 18 month share purchase warrant. Each warrant is exercisable
at $0.07 in the first six months and $0.12 for the remaining 12 months. The Company has the option to accelerate
the expiry date if the stock trades at $0.15 for 10 trading days during the first six months, and trades at $0.25 during
the next twelve months.
An insider of the Company subscribed for an aggregate of 600,000 common share units of the Company. The
Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI
61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.
Securities issued on this closing will be subject to a statutory hold period until January 28, 2024.
The Company paid finder’s fees to qualified finders of $13,835.85.
The Company intends to use the net proceeds of the Offering for general working capital.
On behalf of the Board of Directors,
Tim Daniels, President
About Boron One Holdings Inc.
Boron One Holdings Inc. is an international mineral exploration and development company with boron assets in
Serbia. Headquartered in Victoria, B.C., Canada, Boron One’s shares are traded on the TSX Venture Exchange
under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the
Company's filed documents at www.sedar.com..
For further information, please contact: Boron’s Public Quotations:
Boron One Holdings Inc. Canada
Blake Fallis, General Manager TSX Venture: BONE
Phone: 1-250- 384-1999 or 1-888-289-3746 Berlin: EKV
[email protected] US: SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com OTCBB: ERVFF
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.