Boron One Holdings Inc V.BONE

Surprise, surprise, another PP

[Jasperpark]

Boron One Announces Proposed Private Placement
   
May 15, 2023


Victoria, BC
Boron One Holdings Inc. (“Boron One”) [TSXV: BONE] announces that, subject to the approval of the TSX Venture Exchange (the “TSXV”), it intends to complete a non-brokered private placement offering of up to 7,142,857 units (“Units”) at a price of $0.07 per Unit for gross proceeds of up to $500,000 (the “Private Placement”). Each Unit is comprised of one Common Share and one Warrant which will be exercisable into one (1) Common Share of the Corporation (each a “Warrant Share”). Each Warrant will have a term of two (2) years and will entitle the holder to purchase one (1) Warrant Share at a price of $0.15 per share following the closing date. 


The Warrants also have an acceleration clause whereby if the Common Shares trade on the TSXV at a price equal or greater than the designated trigger price of $0.25 for more than ten (10) consecutive trading days, Boron One shall have the right to give written notice to the holder requiring the holder to exercise the Warrant, in whole or in part, within a period of thirty (30) days from the date of receipt of notice from Boron One. 


The Common Shares and Warrants comprising the Units will be subject to a four-month and one day hold period in accordance with the policies of the TSXV and applicable securities legislation. 


The net proceeds from this financing will be used to fund further development of its wholly owned Piskanja boron project in Serbia, and for working capital purposes. 


This offering will be carried on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

 

On behalf of the Board of Directors,

Blake Fallis, General Manager

[Prider]

So much for the Osmose funding.

[vluhntr]

Why would anybody assume the two are connected? If boron one needs funds to continue with their day on day operations, then they must do so. This does not mean in any way. That Osmose is not going to continue with their private placement. I have an even better idea for the group instead of asking each other what we think the price will be why don't we try to cobble together what Osmose

[ListenandLearn]

I don't need to comment since you already know. This does mean what it means. Surely you can see an Investco #3 scenario. Good thing ! The September deadline doesn't change. EV has to find a way to do it on its own and we get to keep 100% of Piskanja. Hero or zero, come on let's roll the dice....OInvestco#3 is not going to save us now.  Non visionary, now that's funny ! 

[ListenandLearn]

One paragraph, three statements that will proven wrong. Why indeed not in any way.  Grasshopper, never give out you PIN to anyone.....

[iamlickzy]

Maybe they need some ASAP cash to get all cylinders firing a Pobrdje?  Cover some stupid fee or cost related to it? Law costs or legal fees related to a deal with somebody else or Osmose? I don't know the ins and out of the Osmose deal but are they on the hook for BONE's day to day?  I doubt it. It IS a piss off that Tim said we have the cash to cover all admin costs through to

[ListenandLearn]

I appreciate your candor.  See the next posting......