Bold Ventures Purchases Wilcorp Gold Project and Applies to Extend 2020 Warrants
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 Purchases Wilcorp Gold Project and Applies
to Extend 2020 Warrants
Toronto, Ontario, August 3, 2022 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to report that the Company has
purchased a 100% interest in the Wilcorp Gold Project for a cash
payment of $20,000 and 100,000 common shares of Bold. The vendor
retains a 2% Net Smelter Royalty, of which Bold may purchase 1.5% for
$750,000 leaving the vendor with 0.5% NSR. Bold maintains a right of
first refusal on the remaining 0.5% NSR. Visit Wilcorp Gold Project. The
original option agreement, as amended, required annual payments of
$8,000 cash and a payment of $100,000 to acquire a 100% interest,
subject to a 2% NSR in favour of the vendor. The transaction is subject to
TSX Venture Exchange (“TSXV”) approval.
Warrant Extension
Over the past months a global sell-off has negated many value
propositions in the equity markets. In order to assist in mitigating these
market-wide impacts, as they relate to Bold, the Company will make an
application to the TSXV to extend 5,040,500 warrants (the “Warrants”)
exercisable at $0.10 until between August 11, 2022 and September 29,
2022 pursuant to the private placement financing which closed between
August 11, 2020 and September 29, 2020 for a period of six months
from the original expiry dates. There has been no change in the exercise
price. The amendment to the expiry dates of the Warrants is subject to
TSXV acceptance.
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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
Bold Ventures management believe our suite of Battery, Critical and
Precious Metals exploration projects are an ideal combination of
exploration potential meeting future demand (see Bold Press release
dated May 10, 2022). 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 camps within 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.
As a result of the current COVID-19 virus concerns, the Company’s management
and contractors are following public guidelines and taking r ecommended steps
to protect the health and safety of all personnel while carrying out oper ations.
As a result of the COVID-19 pandemic giving rise to local and national anti-virus
measures, the scheduling of activities is subject to change. COVID-19 impact s
may affect timing and availability of goods and services for the foreseeable
future.
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.
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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
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.