Boron One Completes Private Placement Financing

Boron One Holdings Inc., a company based in Victoria, BC, announced the closure of its non-brokered private placement financing. The company successfully raised $206,000 by issuing 4,120,000 units at $0.05 per unit. Each unit consists of one common share and a common share purchase warrant. The warrants are exercisable at $0.05 for one year and at $0.07 for an additional two years.

Insiders at Boron One subscribed to 905,000 units, accounting for 21.96% of the issued units. The company utilized exemptions from certain regulatory requirements for this insider participation. These units are subject to a hold period of four months and one day as per TSX Venture Exchange rules.

The proceeds will be directed towards the company's working capital needs. Boron One engages in mineral exploration and development, emphasizing boron assets in Serbia.