Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement
Bold Ventures Announces Closing of Its Fully
Subscribed, Upsized Non-Brokered Private
Placement
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - Bold Ventures Inc.
(TSXV: BOL)
(the "
Company
"
or "
Bold
") is pleased to announce the fourth and final closing of its non-brokered private placement
offering first announced on
April 11th
and increased on May 26
th
and June 5
th
, of up to 9,000,000
working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to
$450,000, and up to 10,314,666 Flow Through Units (the "FT Units") at a price of $0.06 per FT Unit for
up to $618,900, both of which constitute the "Offering". The Offering was fully subscribed for gross
proceeds of $1,068,900.
The Company closed the fourth and final tranche of the Offering on June 23, 2025, with subscriptions for
2,283,333 FT Units for gross proceeds of $137,000 and 3,000,000 WC Units for gross proceeds of
$150,000.
For the fourth tranche the Company paid cash finder's fees of $5,250 and issued 105,000 compensation
warrants (the "
Compensation Warrants
") to an eligible finder. Each Compensation Warrant entitles the
holder to acquire one common share of the Company at $0.08 until December 23, 2026.
The securities issued in the third tranche are subject to a hold period expiring on October 24, 2025.
The Offering
Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common
share purchase warrant (a "
WC Warrant
") entitling the holder to acquire one (1) common share at a
price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the
WC Units will be used for general working capital, property maintenance, exploration and expenses of
the offering.
Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a
common share purchase warrant. One full common share purchase warrant (a
"FT Warrant"
) and $0.08
will acquire an additional common share until eighteen (18) months following the closing of the Offering.
The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian
Exploration Expenses (CEE).
Ring of Fire News
The Company would also like to draw attention to
developments in the Ring of Fire, Ontario
. Webequie
First Nation has released a draft environmental assessment (EA) and impact statement for one of three
different stretches of a road link to planned mining operations in the region.
This news comes at a time when economic development is at the forefront of Canadian discourse. Bill
C-5, the One Canadian Economy Act,
was recently passed
, with Prime Minister Mark Carney
commenting:
"Today's passing of Bill C-5, One Canadian Economy Act, will remove trade barriers, expedite nation-
building projects, and unleash economic growth, with Indigenous partnership at the centre of this
growth. It's time to build big, build bold, and build now. As Canadians, we can give ourselves more
than any foreign nation can ever take away."
About Bold's Koper Lake Project in the Ring of Fire
Bold has a vested 10% carried interest (through to production) in the Black Horse Chromite NI-43-101
Inferred Resource of 85.9 Mt @ 34.5% Cr
2
O
3
at a cutoff grade of 20% Cr
2
O
3
(KWG/CACR Website
2023). Bold has a 40% working interest in all other metals found within the claims and is the All Other
Metals' Project Operator. Bold also owns a right of first refusal on a 1% Net Smelter Royalty covering all
metals produced from the property. The Koper Lake Property is located adjacent to and contiguous with
Wyloo Ring of Fire's (formerly Noront Resources Ltd.) Blackbird Chromite deposit and within 300 m of
the Eagles Nest Nickel-Copper Massive Sulphide Deposit in the permit stage.
The Ring of Fire access and infrastructure development continues within the environmental permitting
process. Two of the closest First Nations are acting as proponents for the all-weather access and supply
roads. Information about Bold's Ring of Fire projects, the Ring of Fire infrastructure development and
various critical mineral articles can be accessed on the Bold
Critical and Battery Minerals
page.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals
exploration projects are an ideal combination of exploration potential meeting future demand
.
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 and battery metals camps in 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.
For additional information about Bold Ventures and our projects, please visit
boldventuresinc.com
or
contact us at 416-864-1456 or email us at
.
"Bruce A MacLachlan"
Bruce MacLachlan
President and COO
"David B Graham"
David Graham
CEO
Direct line: (705) 266-0847
Email:
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.
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