Bold Ventures Closes Non-Brokered FT Shares 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
Non-Brokered FT Shares Private Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario, December 31, 2021 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) announces that, further to its Press Release of December 13, 2021,
it has closed the final tranche of its non-brokered private placement offering (the
“Offering”) with the sale of 370,000 “flow-through shares” within the meaning of the
Income Tax Act (Canada) (each a “FT Share”) at a price of $0.125 per FT Share for gross
proceeds of $46,250. The Company placed an aggregate of 1,180,000 FT Shares pursuant
to the Offering for gross proceeds of $147,500.
Proceeds from the sale of FT Shares will be used to incur "Canadian exploration expenses"
as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining
expenditures" as defined in subsection 127(9) of the Income Tax Act.
In connection with the Offering, the Company paid eligible finders cash fees of $3,237.50.
The securities issued are subject to a hold period expiring on May 1, 2022.
Please visit the Bold website at www.boldventuresinc.com and see our recent news and
project information.
For additional information contact 416-864-1456 or email: [email protected].
About Bold Ventures Inc.
The Company explores for Gold and Base Metals in Canada. Bold is exploring properties
located within active gold camps of Northern Ontario. Bold also holds significant assets
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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
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
www.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 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.