Bold Ventures Announces Final Closing 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 Final Closing of Non-Brokered Private
Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario, September 30, 2020 – Bold Ventures Inc. ( BOL: TSX.V)
(the “Company” or “ Bold”) is pleased to announce that it has closed the
final tranche of its non-brokered private placement, announced in its July
31, 2020 Press Release (the “ Offering”), and raised a further $60,050
through the issuance of 700, 000 working capital units (“ WC Units”) and
334,000 flow-through units (“FT Units”).
Each WC Unit is priced at $0.05 and comprises one (1) common share of
the Company priced at $0.05 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 until
September 29, 2022.
Each FT Unit comprises one (1) common share of the Company and one-
half (½) of one (1) common share purchase warrant. Each full warrant (a
“Warrant”) entitles the holder to acquire one (1) common share at a
price of $0.10 until September 29, 2022.
All securities issued pursuant to the final closing are subject to a hold
period expiring on January 30, 2021.
The Company raised gross proceeds of $ 436,075 through the placement
of 5,600,000 WC Units and 2,081,000 FT Units pursuant to the Offering.
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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
Please visit the Bold website at www.boldventuresinc.com and see our
recent news and project information.
About Bold Ventures Inc.
The Company explores for Gold and Base metals in Canada. Bold is exploring
properties located within active gold camps of Northwestern 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 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
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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
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.