Bold Ventures Announces Increase and Extension of Non-Brokered Private Placement and Closing of Third Tranche, and Signs Agreement with Investor News Network
Bold Ventures Announces Increase and
Extension of Non-Brokered Private Placement
and Closing of Third Tranche, and Signs
Agreement with Investor News Network
Toronto, Ontario--(Newsfile Corp. - May 26, 2025) - Bold Ventures Inc. (
TSXV: BOL
) (the "
Company
"
or "
Bold
") is pleased to announce that the offering of its non-brokered private placement first announced
on
April 11th
will be increased by up to $150,000. The Company will be offering 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 10,000,000 Flow Through units (the "
FT Units
") at a price of $0.06 per FT Unit for up to $600,000,
both of which constitute the "Offering."
The Offering has also been extended for up to a further thirty (30) days.
The Company closed the third tranche of the Offering with subscriptions for 4,530,000 FT Units and
200,000 WC Units for gross proceeds of $281,800, for a total of 8,031,333 FT Units and 6,000,000 WC
Units for gross proceeds of $781,879.98 for the Offering so far.
The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and
June 23, 2025.
The Company paid cash finder's fees of $14,830.00 and issued 245,5000 compensation warrants (the
"
Compensation Warrants
") to eligible finders. Each Compensation Warrant entitles the holder to
acquire one common share of the Company at $0.08 until November 23, 2026.
The securities issued in the third tranche are subject to a hold period expiring on September 24, 2025.
Insider Subscriptions
Two insiders subscribed for 250,000 FT Units for proceeds of $15,000 on the closing of the third tranche
of the Offering. The insider private placements are exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("
MI 61-101
") by 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 to be issued to the insiders does not exceed 25% of its market
capitalization.
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).
Investor News Network Agreement
The Company is also pleased to announce that it has signed a one year advertising and investor
awareness campaign agreement with Dig Media Inc., dba Investing News Network ("INN"). Based in
Vancouver, Canada, INN has offices in Toronto, New York and San Francisco. INN has been dedicated
to providing independent news and education to investors since 2007. The term of the engagement is
twelve months commencing May 26, 2025, subject to TSX Venture Exchange approval. The cost of the
campaign is $24,000 plus HST.
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
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
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https://www.newsfilecorp.com/release/253357