Bold Ventures Announces Second Closing of Non-Brokered Private Placement, Extends Offering and Increases WC Offering
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 Second Closing of Non-Brokered Private
Placement, Extends Offering and Increases WC Offering
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario, August 31, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “ Bold”) is pleased to announce that it has closed the
second tranche of its non -brokered private placement, announced in its
July 31, 2020 Press Release (the “ Offering”), and raised $ 231,025
through the issuance of 2, 000,000 working capital units (“ WC Units ”)
and 1,747,000 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 August
28, 2022. The Company paid a $7000 cash finder’s fee and issued
120,000 broker warrants to a qualified arms-length finder. Each broker
warrant entitles the holder to acquire a further common share at $0.10
until August 28, 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 August 28, 2022. The Company paid a $4641 cash
finder’s fee to a qualified arms-length institutional finder.
All securities issued pursuant to the second closing are subject to a hold
period expiring on December 29, 2020.
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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
To date, the Company has raised gross proceeds of $376,025 through the
placement of 4,900,000 WC Units and 1,747,000 FT Units. The Company
also wishes to announce that it is increasing the WC Units offering to a
total of $300,000 with the offering of up t o a further 1,100,000 WC Units
at a price of $0.05 per WC Unit and extending the closing of the
remainder of the Offering until the earlier of September 30 , 2020 and the
sale of the remaining 1,100,000 WC Units and 2,253,000 FT Units.
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 energing 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”,
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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
“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.