Bold Ventures Closes First Tranche 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 Closes First Tranche of Non-Brokered Private
Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario February 12, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to announce that it has closed the first tranche of its
non-brokered private placement, announced on February 5, 2020 (the “Offering”),
and raised $122,250 through the issuance of 2,445,000 working capital units (“WC
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 February 11, 2022. The Company paid $2135 in cash
compensation and issued 42,700 broker warrants (“Broker Warrants”) to a finder.
Each Broker Warrant entitles the holder to acquire one (1) common share at a price
of $0.05 until February 11, 2022.
All securities issued pursuant to the first closing are subject to a hold period expiring
on June 12, 2020. The Offering will remain open until the earlier of February 28,
2020 and the sale of the remaining WC Units.
The proceeds from the Offering will be used for general working capital, property
acquisitions, exploration and expenses of the Offering. 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 Base and Precious metals in Canada. Bold has options
to earn a 100% interest in the Farwell Gold Base Metals project located approx.
2
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
55km northwest of Wawa, Ontario and the Wilcorp Gold Project located 14 km
east northeast of Atikokan, Ontario. Bold and its subsidiary Rencore Resources
Ltd. have extensive holdings comprised of over 15 claim groups in and around the
Ring of Fire area of the James Bay Lowlands. The Company has also earned a
10% carried interest in all chromite resources and a 40% working interest in all
other metals at the Koper Lake Project and has the option to earn an additional
10% carried interest in chromite and 40% of all other metals. The Koper Lake
Project is located within the Ring of Fire and directly adjacent to the Eagles Nest
nickel-copper massive sulphide deposit currently in the permitting stage.
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”, “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.