Bold Ventures Closes $776,800 Non-Brokered Private Placement
Bold Ventures Closes $776,800 Non-Brokered
Private Placement
Toronto, Ontario--(Newsfile Corp. - January 2, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "
Company
"
or "
Bold
") is pleased to announce that further to its news release of December 16, 2025, it has closed
its non-brokered private placement offering for gross proceeds of $776,800, through the placement of
6,000,000 working capital units (the "
WC Units
") of the Company at a price of $0.08 per WC unit for
$480,000 (the "
WC Offering
") and 3,297,776 Flow Through units (the "
FT Units
") at a price of $0.09
per FT Unit for $296,800 (the "
FT Offering
", and together with the WC Offering, the "
Offering
").
The Company paid cash finder fees in the aggregate of $36,719.99 and issued an aggregate of
454,333 compensation warrants (the "
Compensation Warrants
") to two eligible finders. 37,333 of the
Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until
December 31, 2027. 417,000 of the Compensation Warrants entitle the holder to acquire one (1)
common share at a price of $0.12 until December 31, 2028.
All the securities issued pursuant to the Offering are subject to a hold period expiring on May 1, 2026.
Bruce MacLachlan, President and COO of Bold Ventures, stated: "We wish to thank our existing
shareholders for their continued support of the Company and welcome the participation by new
investors. We look forward to seeing the results from our drilling programs in 2026."
Insider Subscriptions
Three insiders subscribed for 420,000 FT Units for gross proceeds of $37,800. 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 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 $0.08 and one full common
share purchase warrant (a "
WC Warrant
") entitling the holder to acquire one (1) common share at a
price of $0.12 until December 31, 2028. 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 $0.09 and one half (1/2) of a
common share purchase warrant. One full common share purchase warrant (a
"FT Warrant"
) and $0.12
will acquire an additional common share until December 31, 2027. The proceeds from the sale of the FT
Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).
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"
Bruce MacLachlan
President and COO
Direct line: (705) 266-0847 Email:
"David B Graham"
David Graham
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. 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/279349