Bold Ventures Announces Extension of 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 Ventures Announces Extension of Non-Brokered Private
Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario March 2, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or
“Bold”) wishes to announce that it is extending its non-brokered private placement,
announced on February 5, 2020. The Company has placed 2,445,000 working capital
units (the “WC Units”) for gross proceeds of $122,500. The offering is being extended
for a further thirty (30) days to raise up to a total of $500,000 through the placement
of the remaining 7,555,000 WC Units (the “Offering”).
Each WC Unit is priced at $0.05 and comprises one (1) common share of the Company
and one (1) common share purchase warrant (each a “WC Warrant”), with each WC
Warrant entitling the holder to acquire one (1) common share at a price of $0.10 for
two (2) years from the closing of the Offering.
Eligible finders may receive 7% of the value of the proceeds of the sale of WC Units in
cash and 7% of the number of WC Units sold in the form of broker warrants (“Broker
Warrants”). Each Broker Warrant entitles the holder to acquire one (1) common
share at a price of $0.05 for two (2) years from closing of the Offering.
All securities issued pursuant to the Offering are subject to a statutory four month
hold period and regulatory approval. The proceeds from the Offering will be used for
general working capital, property acquisitions, exploration and expenses of the
Offering.
Bold Management would like to express its appreciation for the support of
shareholders during its efforts to invigorate the Company. The rising price of gold
and our recent option to acquire the Farwell Gold and Base Metal Project continues to
position Bold for future growth. The Farwell Project is a “Must View” at our website
www.boldventuresinc.com .
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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
About Bold Ventures Inc.
The Company explores for Base and Precious metals in Canada. Bold has options
to earn a 100% interest in the Farwell Gold Base Metals project located approx.
55km northwest of Wawa, Ontario and the Wilcorp Gold Project located 14 km
east northeast of Atikokan, Ontario. Bold and its subsidiary Rencore Resources
Ltd. have extensive holdings comprised of over 15 claim groups in and around the
Ring of Fire area of the James Bay Lowlands. The Company has also earned a
10% carried interest in all chromite resources and a 40% working interest in all
other metals at the Koper Lake Project and has the option to earn an additional
10% carried interest in chromite and 40% of all other metals. The Koper Lake
Project is located within the Ring of Fire and directly adjacent to the Eagles Nest
nickel-copper massive sulphide deposit currently in the permitting stage.
For additional information about Bold Ventures and our projects please visit
www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
“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
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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
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.