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Boba Mint Holdings Says Closed Private Placement for Proceeds of $325,000

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Boba Mint Holdings (TNJ.CN) closed an additional tranche of its previously announced offering by issuing an aggregate of 3.25 million common shares, at a price of $0.10 per share, for gross proceeds to the company of $325,000, the company said on Friday.

The gross proceeds from the offering are intended to be used for general working capital purposes and may also be allocated to supporting additional game development at WERD Studios, it added.

The company said it may proceed with additional closings of its private placement. "We continue to invest in ourselves and support our core mission of becoming a leader in gaming and app releases," said Andrew Shore, Chief Executive Officer.

The company's shares were last seen unchanged at $0.05 on the Canadian Securities Exchange.

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