Bold Ventures Announces First 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 First Closing of
Non-Brokered Private Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario, May 19, 2021 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or
“Bold”) is pleased to announce the first closing of a non-brokered private placement
offering of up to 3,750,000 working capital units (the “WC Units”) of the Company at a
price of $0.08 per WC Unit for up to $300,000 (the “Offering”). See Bold press release
dated May 13, 2021.
The first tranche consists of 1,300,000 WC Units for proceeds totalling $104,000. The
Company paid commission equal to $4,060 cash and 50,750 Broker Warrants to qualified
finders in connection with the Offering. Each Broker Warrant is comprised of a unit
consisting of a share and one-half (0.5) warrant. A full warrant and 15 cents will acquire
an additional common share for a period of two (2) years from the date of closing. The
Offering will remain open until May 28, 2021 or until fully subscribed or such other time
as the Company may elect, subject to regulatory approval. The securities issued are
subject to a hold period expiring on September 19, 2021.
The Offering
Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one-
half (0.5) of a common share purchase warrant with each full warrant (a “WC Warrant”)
entitling the holder to acquire one (1) common share at a price of $0.15 until two (2)
years following the closing of the Offering. The proceeds from the Offering will be used
for general working capital, property acquisition, exploration and expenses of the
offering.
In connection with the WC Offering, the Company may pay a finder’s fee to qualified
finders in consideration for their assistance with the Offering. The finder’s fees may be
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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
payable in cash and or securities of Bold at the discretion of the Company and in
accordance with the rules of the TSXV.
All securities to be issued pursuant to the Offering are subject to a statutory four-month
and one-day hold period and regulatory approval.
Please visit the Bold website at www.boldventuresinc.com and see our recent news and
project information.
For additional information contact 416-864-1456 or email: [email protected].
About Bold Ventures Inc.
The Company explores for Gold and Base Metals in Canada. Bold is exploring
properties located within active gold camps of Northern 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 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
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.
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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
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.