Bold Ventures Increases Private Placement to $500,000
Suite 430-580 Hornby Street Vancouver, BC Canada V6C 3B6 Tel: 604.802.7551 Fax: 604.687.0586 Email: [email protected] www.boldventuresinc.com
TSX.V: BOL
Bold Ventures Increases Private Placement to $500,000
Vancouver, BC (April 1, 2010) - BOLD Ventures Inc. (TSX.V: BOL). (“Bold” or the “Company”) announces an amendment to the private placement amendment announced on March 18, 2010 of 3,000,000 units for $300, 000 to further increase the private placement to $500,000 and issue an additional 2,000, 000 units, (each unit consisting of one share and one half warrant) at a price of $0.10 per Unit. Each warrant will be exercisable for a period of 24 months from the closing of the private placement.
Each full warrant is exercisable into one share at .15 cents per share for a period one year after closing and .20 cents per share for the second year after closing. The funds raised pursuant to the offering will be used for working capital purposes.
Shares issued pursuant to this private placement and shares that may be issued as a result of the exercise of any warrants attached to this private placement will be subject to a mandatory hold period of four months from completion of the private placement. A portion of this private placement will be subject to commissions or finders' fees in accordance with TSX Venture Exchange policy. This private placement remains subject to approval by the TSX Venture Exchange.
The Company shall pay the finder a cash payment (“Finders Fee”) at closing of 8% of the Gross. The Company shall pay finders warrants of 8% of gross.
BOLD VENTURES INC.
On behalf of the board of directors of Bold Ventures Inc.,
“Gary F. Zak”
Gary F. Zak, President
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
For more information, please contact:
BOLD Ventures Inc.
Gary F. Zak President & CEO (604) 802-7551 E: [email protected] W: www.boldventuresinc.com