Bold Terminates Critical Minerals Non-Brokered Private Placement
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 Terminates Critical Minerals Non-Brokered Private
Placement
Toronto, Ontario , July 29, 2022 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) reports that, further to its Press Release of June 29,
2022, due to the recent market-wide deterioration over the past month, it
has terminated its Critical Minerals Flow -Through Units Private
Placement (the “ CMFT Units ”) and its concurrent WC Units Private
Placement. Gross proceeds of $105,750 comprising 705,000 CMFT Units
were received. Each CMFT Unit was priced at $0. 15 and consisted of one
(1) common share and one -half (0.5) of a share purchase warrant. Each
full warr ant (a “ Warrant”) entitles the holder to purchase one (1)
common share (a “Warrant Share”) at a price of $0.25 per Warrant Share
until the date which is twenty-four (24) months following the closing date
of June 29, 2022 . When combined with the existing Flow-Through write-
off of 100% of Canada Revenue Agency qualified Canadian Exploration
Expenses (CEE) the Critical Mineral Exploration Tax Credit provides an
extra 30% tax credit. The proceeds from the sale of the CMFT Units are
being used to explore the Farwell and Burchell Gold-Copper projects.
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
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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
description of the Provincial and Federal electrification plans are posted
on the Bold website here.
The technical and scientific disclosures in this news release ha ve been reviewed and
approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) under National
Instrument 43-101.
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 all 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 services 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
“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
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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
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.