Bold Ventures Ring of Fire Asset Comes Into Focus
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 Ring of Fire Asset
Comes Into Focus
Toronto, Ontario, July 25, 2022 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) reports that KWG Resources Inc. (KWG) and
Fancamp Exploration Ltd. (Fancamp) have jointly announced an
acquisition agreement whereby KWG will acquire the Fancamp interests
in the Koper Lake Project located in the Ring of Fire region of Northern
Ontario.
Among other terms, KWG will issue to Fancamp a secured convertible
promissory note in the principal amount of C$34.5 million. Full terms of
the acquisition agreement may be viewed here.
Pursuant to the terms of Bold’s Joint Venture Agreement with Fancamp,
Bold holds a Right of First Refusal on any proposed acquisition of the
Fancamp Koper Lake interests. Bold holds a 10% carried interest in
chromite and a 40% working interest in all other metals found within the
claims. Bold Co-Venturer, a wholly owned subsidiary of Dundee
Corporation, has earned a one-third interest in Bold’s Ring of Fire assets.
The Company is reviewing the acquisition. See complete details on the
Koper Lake Project here.
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
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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
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 recommended steps
to protect the health and safety of all personnel while carrying out operations.
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 impacts
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.
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.