Bold Ventures Closes Flow-Through Private Placement
Suite 3600 T: 416 864 1456
22 Adelaide Street West F: 416 865 6636
Toronto, Ontario, M5H 4E3 boldventuresinc.com
Bold Ventures Closes Flow-Through Private
Placement
Toronto, Ontario, January 3, 2017 – Bold Ventures Inc. (BOL:TSX.V)
(“Bold Ventures” or the “Company”) is pleased to announce that the
Company has closed a non-brokered private placement (the “Offering”)
with the sale of 4,000,000 flow-through units (“FT Units”) for gross
proceeds of $200,000.
Each FT Unit comprises one (1) flow-through common share priced at
$0.05 and one (1) common share purchase warrant (“Warrant”), with
each Warrant entitling the holder to acquire one (1) common share at a
price of $0.12 until December 30, 2018. The Company paid a cash
finder’s fee of $10,000.
The securities issued are subject to a hold period expiring on May 1,
2017.
About Bold
Bold Ventures works in both Ontario and Québec. In Ontario, Bold has an extensive
land position located in and around the Ring of Fire area of the James Bay Lowlands.
The company has earned a “carried” 10% interest in the Koper Lake Project directly
adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the
permitting stage. Bold is earning a 100% interest in the Wilcorp gold property
(subject to a 1% NSR) located approximately 14 km east of the town of Atikokan in
Northwestern Ontario. In Québec, Bold’s primary focus is on two projects. The Lac
Surprise Project where Bold can earn up to 60%, is located in west central Québec,
approximately 50 km (30miles) south of Chapais and within the historic
Chibougamau-Chapais copper-gold camp. Bold is also exploring its 100% owned Lac
Grasset project that straddles the Sunday Lake Deformation Zone in the Matagami
area, within the historically prolific Abitibi Greenstone belt of Northwestern Québec.
Balmoral Resources Ltd. has seen success over the past few years in locating and
expanding several gold and base metal discoveries proximal to the Sunday Lake
Deformation Zone and has expanded its land position to surround Bold’s property
(see Bold news release dated September 30, 2014).
“Richard E. Nemis” “David B. Graham”
Richard E. Nemis David B. Graham
President and Chief Executive Officer Executive V.P.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exch ange) accepts responsibility for the
adequacy or accuracy of this release.
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”, “pl an”, “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 fa ctors 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 actua l 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 as sumptions 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.
Suite 3600 T: 416 864 1456
22 Adelaide Street West F: 416 865 6636
Toronto, Ontario, M5H 4E3 boldventuresinc.com