Bold Grants Waiver at Koper Lake in the Ring of Fire
BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
NEWS RELEASE - For Immediate Release
Bold Grants Waiver at Koper Lake in the Ring of Fire
Toronto, Ontario, August 11, 2022 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to report that, further to its Press
Release of July 25, 2022, it has granted Fancamp Exploration Ltd.
(“Fancamp”) a waiver of the Company’s Right of First Refusal regarding
their Koper Lake Project interests in consideration for the receipt of
1,000,000 subordinate voting shares of KWG Resources Ltd. (on closing
of the acquisition agreement) and the payment of $10,000 (received).
Bold management believes that the transaction will benefit all parties as
the ownership interests are more streamlined and the direct interests
are reduced from three parties to two, thus simplifying the project
valuation and potential for consolidation.
Bold holds a 10% carried interest in chromite and a 40% working
interest in all other metals found within the claims. Bold also possesses a
Right of First Refusal on a 1% NSR covering all metals found within the
claim group. Any project interests that Fancamp receives are outside of
and do not encumber Bold’s ownership. Bold Co-Venturer, a wholly
owned subsidiary of Dundee Corporation, has earned a one-third interest
in Bold’s Ring of Fire assets. See complete details of the Koper Lake
Project here.
In other news, the Company has received regulatory approval of an
application to extend 5,040,500 warrants (the “Warrants”) exercisable
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BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
at $0.10 until between August 11, 2022 and September 29, 2022
pursuant to the private placement financing which closed between
August 11, 2020 and September 29, 2020 for a period of six
months from the original expiry dates. There has been no change in the
exercise price.
Bold Ventures management believe our suite of Battery, Critical and
Precious Metals exploration projects are an ideal combination of
exploration potential meeting future demand (see Bold Press release
dated May 10, 2022). Our target commodities are comprised of: Copper
(Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum
(Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a
description of the Provincial and Federal electrification plans are posted
on the Bold website here.
About Bold Ventures Inc.
The Company explores for Precious, Battery and Critical Metals in Canada. Bold
is exploring properties located in active gold camps within the Thunder Bay
and Wawa regions of Ontario. Bold also holds significant assets located within
and around the emerging multi-metals district dubbed the Ring of Fire region,
located in the James Bay Lowlands of Northern Ontario.
As a result of the current COVID-19 virus concerns, the Company’s management
and contractors are following public guidelines and taking recommended steps
to protect the health and safety of al l personnel while carrying out oper ations.
As a result of the COVID-19 pandemic giving rise to local and national anti-virus
measures, the scheduling of activities is subject to change. COVID-19 impacts
may affect timing and availability of goods and servi ces for the foreseeable
future.
For additional information about Bold Ventures and our projects please visit
boldventuresinc.com or contact us at 416-864-1456 or email us at
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BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456
22 Adelaide Street West, Suite 3600 Fax: 416 865 6636
Toronto, Ontario, M5H 4E3
boldventuresinc.com
“David B Graham”
David Graham
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-
looking statements that involve risks and uncertainties, which may cause actual results to differ
materially from the statements made. When used in this document, the words “may”, “would”,
“could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar
expressions are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and uncertainties. Many
factors could cause our actual results to differ materially from the statements made, including
those factors discussed in filings made by us with the Canadian securities regulatory authorities.
Should one or more of these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of gold and other
metals, currency and interest rate fluctuations, increased competition and general economic and
market factors, occur or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are cautioned not to put
undue reliance on such forward-looking statements.