Bold Ventures Announces Final Closing of Non-Brokered Private Placement and Insider Subscriptions
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 and Insider Subscriptions
TORONTO, ONTARIO, October 18, 2024 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to announce that further to its press releases dated
July 4, 2024, August 1, 2024, August 19, 2024, August 22, 2024 and September 19,
2024 it has completed the final tranche of a non-brokered private placement offering
with the placement of 1,000,000 flow-through units (“FT Units”) for aggregate gross
proceeds of $50,000.00 (the “Final Closing”). The Company raised a total of
$274,200 through the placement of 5,205,000 working capital units (“WC Units”) and
1,320,000 FT Units.
Each WC Unit consisted of one (1) Common Share and one (1) Common Share
purchase warrant (a “WC Warrant”). Each WC Warrant entitled the holder to
purchase one (1) Common Share (a “WC Warrant Share”) at a price of $0.06 per WC
Warrant Share until the date that is three (3) years following closing.
Each FT Unit consists of one (1) flow-through common share, priced at $0.05, and one-half
(0.5) of a common share purchase warrant. Each full warrant (a “Warrant”) entitles the
holder to purchase one (1) common share (a “Warrant Share”) at a price of $0.10 per
Warrant Share until two (2) years following closing. The proceeds from the sale of the FT
Units will be used for exploration work that qualifies for Canadian Exploration
Expenses (CEE).
The securities issued on the Final Closing are subject to a hold period expiring on
February 19, 2025.
Insider Subscriptions
Two insiders subscribed for 1, 000,000 FT Units of the Final Closing for proceeds of
$50,000. The insider private placements are exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61 -101 (“ MI 61 -101”) by
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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
virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the
fair market value of the consideration for the securities of the Company issued to the insiders
does not exceed 25% of its market capitalization.
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” “David B Graham”
Bruce MacLachlan David Graham
President and COO 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
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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
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.