Bold Ventures Announces Non-Brokered Private Placement and First Tranche Closing
Bold Ventures Announces Non-Brokered
Private Placement and First Tranche Closing
Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Bold Ventures Inc. (TSXV: BOL) (the "
Company
" or
"
Bold
") is pleased to announce a non-brokered private placement offering of up to 6,000,000 working
capital units (the "
WC Units
") of the Company at a price of $0.05 per WC Unit for up to $300,000 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
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).
In connection with the 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 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 (4) month and one (1)
day hold period and regulatory approval.
A first closing of 600,000 FT Units and 1,760,000 WC Units for gross proceeds of $124,000.00 has
been effected. The securities issued are subject to a hold period expiring on August 12, 2025. In order to
allow for the completion of additional subscriptions to the Offering, a further closing is expected to occur
when fully subscribed or on April 28
,
2025.
Ring of Fire News
In other news, Webequie and Marten Falls First Nations, leaders of the Northern Road Link project, have
recently expressed support for Conservative Leader Pierre Poilievre's stated commitment to invest $1
billion in road infrastructure to the Ring of Fire and to improve the federal permitting process. The March
19
th
, 2025 article by Northern Road Link may be accessed at
Northern Road Link News Update
.
About Bold's Koper Lake Project in the Ring of Fire
Bold has a vested 10% carried interest (to production) in the Black Horse Chromite NI-43-101 Inferred
Resource of 85.9 Mt @ 34.5% Cr
2
O
3
at a cutoff grade of 20% Cr
2
O
3
(KWG/CACR Website 2023). Bold
has a 40% working interest in all other metals found within the claims and is the All Other Metals' Project
Operator. Bold also owns a right of first refusal on a 1% Net Smelter Royalty covering all metals
produced from the property. The Koper Lake Property is located adjacent to and contiguous with Wyloo
Ring of Fire's (formerly Noront Resources Ltd.) Blackbird Chromite deposit and within 300 m of the
Eagles Nest Nickel-Copper Massive Sulphide Deposit in the permit stage.
The Ring of Fire access and infrastructure development continues within the environmental permitting
process. The two closest First Nations are acting as proponents for the all-weather access and supply
roads. Information about Bold's Ring of Fire projects, the Ring of Fire infrastructure development and
various critical mineral articles can be accessed on the Bold
Critical and Battery Minerals
page.
The technical information in this news release was reviewed and approved by Coleman Robertson,
B.Sc., P. Geo., V.P. Exploration of the Company and a qualified person (QP) for the purposes of NI
43-101
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.
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