Bold Ventures Update
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 Update
Not for distribution to U.S. Newswire Services or for dissemination in the United States
Toronto, Ontario, July 2, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the
“Company” or “Bold”) is pleased to announce that it has updated the
Company’s website with a new Traxxin Gold Project report and maps.
While at our website view our updated Corporate Presentation and Fact
Sheet. For additional information concerning Bold’s gold projects visit
our website at boldventuresinc.com.
Non-Brokered Private Placement
On June 18, 2020 the company announced a non-brokered private placement offering
of up to 4,000,000 working capital units (the “WC Units”) of the Company at a price
of $0.05 per WC Unit for up to $200,000 (the “WC Offering”).
Each WC Unit comprises one (1) common share of the Company priced at $0.05 and
one (1) common share purchase warrant (each a “ WC Warrant ”), with each WC
Warrant entitling the holder to acquire one (1) common share at a price of $0.10 until
two (2) years following the Closing of the WC Offering. The proceeds from the WC
Offering will be used for general working capital, property acquisi tion, exploration
and expenses of the offering.
Concurrently on June 18, 2020 , the Company also announced a non-brokered private
placement offering of up to 4,000,000 Flow -Through Shares (“FT Shares”) at a price
of $0.075 per FT Share for up to $300,000 (“FT Offering” ). The proceeds of the FT
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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
Offering will be used to explore the C ompany’s properties and will qualify as
Canadian Exploration Expenses.
In connection with the WC Offering and the FT Offering ( collectively the “ Offering”),
the Company may pay a finder ’s fee to qualified finders in consideration for their
assistance with the Offering. The finder’s fees may be payabl e in cash or securities of
Bold at the discretion of the Company and in accordance with the rules of the TSXV.
All securities to be issued pursuant to the Offering are subject to a statutory four -
month and one day hold period and regulatory approval. Please visit the Bold website
at boldventuresinc.com and see our recent news and project information.
About Bold Ventures Inc.
The Company explores for Precious and Base Metals in Canada. Bold has the
option to earn a 100% interest in the Farwell Gold and Base Metals Project the
Wilcorp Gold Project and a 50% interest in the Traxxin gold discovery, all located
in Northwestern Ontario. Bold and its subsidiary Rencore Resources Ltd. have
extensive holdings comprised of over 15 claim groups in and around the Ring of
Fire area of the James Bay Lowlands. The Company has also earned a 10%
carried interest in all chromite resources and a 40% working interest in all other
metals at the Koper Lake Project and has the option to earn an additional 10%
carried interest in chromite and 40% of all other metals. The Koper Lake Project is
located within the Ring of Fire and directly adjacent to the Eagles Nest nickel-
copper massive sulphide deposit currently in the permitting stage.
For additional information about Bold Ventures and our projects please visit
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.
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
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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
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.
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