On May 25, 2023, Boron One Holdings Inc. closed the transaction. The company issued 7,928,574 units at a issue price of CAD 0.07 per unit for the gross proceeds of CAD 555,000.18. Each Unit is comprised of one common share and one Common Share purchase warrant. The Warrants are exercisable for two years at a price of CAD 0.15. 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 transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 27 placees.