Bold Ventures Closes Initial 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 Initial Tranche of Non-Brokered
Private Placement
Toronto, Ontario, August 1, 2024 – Bold Ventures Inc. (BOL: TSX.V) (the “Company”
or “Bold”) is pleased to announce that further to its press release dated July 4, 2024, it
has completed the first tranche of a non-brokered private placement offering with the
placement of 1,755,000 WC Units (as defined below) for gross proceeds of
$70,200.00 (the “Initial Closing”). The private placement offering is for up to
8,000,000 working capital units (the “WC Units”) of the Company at a price of $0.04
per WC Unit for up to $320,000 and up to 12,000,000 Flow Through units (the “FT
Units”) at a price of $0.05 per FT Unit for up to $600,000 both of which constitute the
“Offering”.
Each WC Unit consists of one (1) Common Share and one (1) Common Share
purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to
purchase one (1) Common Share (a “WC Warrant Share”) at a price of $0.06 per WC
Warrant Share until the date that is three (3) years after the date of the Initial Closing.
Each FT Unit consists of one (1) flow-through common share, priced at $0.05, and
one-half (0.5) of a common share purchase warrant. Each full warrant (a “Warrant”)
entitles the holder to purchase one (1) common share (a “Warrant Share”) at a price
of $0.10 per Warrant Share until the date that is two (2) years after the date of the
Initial Closing.
The securities issued at this Initial Closing of the Offering are subject to a hold period
expiring on December 1, 2024. In order to allow for the completion of additional
subscriptions to the offering, closing is expected to occur on or before August 16,
2024 or such other date as agreed upon subject to TSX Venture Exchange approval.
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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
Proceeds from the Offering will be used for working capital, for exploration as
qualified Canadian Exploration Expense (in the case of the FT Offering), and for
property maintenance and acquisitions.
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
“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
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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
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.