On November 3, 2023, Boron One Holdings Inc. closed the transaction. The company announced that 2,436,000 Units at a price of CAD 0.05 per unit, for gross proceeds of CAD 121,800 in second tranche. Pursuant to the terms of the Financing, each unit is comprised of one common share and one 18 month share purchase warrant. Each warrant is exercisable at CAD 0.07 in the first six months and CAD 0.12 for the remaining 12 months. The Company has the option to accelerate the expiry date if the stock trades at CAD 0.15 for 10 trading days during the first six months, and trades at CAD 0.25 during the next twelve months. The Company paid finders fees on the second tranche to a qualified finder of CAD 500. The company has issued 11,576,000 units in the transaction. All Securities issued on this closing are subject to a statutory hold period until March 7, 2024.

On November 7, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction included participation from 23 placees. The company paid finder's fees of CAD 14,335.85. The aggregate existing insider involvement was 600,000 shares from one insider.