Bold Ventures Settles Debt
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 Settles Debt
Toronto, Ontario, August 10, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bol d”) wishes to announce that, further to its Press
Release of July 21, 2020, it has received regulatory approval to settle an
aggregate of $85,028.38 of debt owed to two (2) insiders of the Company
in consideration for the issuance of 1,700,567 common shares of the
Company at a price of $0.05 per share. One of the insiders released the
Company from a debt totaling $22,500.00 for no consideration. The debt
settlement eliminates an aggregate of $ 107,528.38 of debt of the
Company as at June 30, 2020. The securities issued for the settlement of
debt are legended and restricted from trading until December 8, 2020.
The insider debt settlements are exempt from the valuation and minority
shareholder approval requirements of Multilateral Instrument 61 -101
(“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a)
and 5.7(1)(a) of MI 61 -101 in that the fair market value of the
consideration for the securities of the Company to be issued to insiders
does not exceed 25% of its market capitalization.
Please visit the Bold website at www.boldventuresinc.com and see our
recent news and project information.
About Bold Ventures Inc.
The Company explores for Base and Precious metals in Canada. Bold has the
option to earn a 100% interest in the Farwell Gold and Base Metals project located
2
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
approx. 55km northwest of Wawa, Ontario. Bold also has the option to earn a
100% interest in the Wilcorp gold property located approximately 14 km east of
the town of Atikokan in Northwestern Ontario. Bold and its joint venture partner
have an option to acquire a 100% interest in the Traxxin Gold Project located 130
km west of Thunder Bay, Ontario. The Company and its subsidiary Rencore
Resources Ltd. have extensive holdings in and around the Ring of Fire area of the
James Bay Lowlands.
For additional information about Bold Ventures and our projects please visit
www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.
“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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