Bold Announces Non-Brokered Private Placement Congratulates
BOL.V Bay Adelaide Centre-East Tower
22 Adelaide Street West, Suite 3600
Toronto, Ontario, M5H 4E3
boldventuresinc.com
NEWS RELEASE - For Immediate Release
Bold Announces Non-Brokered Private Placement Congratulates
First Nations and Province
TORONTO, ONTARIO, July 4, 2024 – Bold Ventures Inc. (BOL: TSX.V) (the “Company”
or “Bold”) is pleased to announce a non-brokered private placement offering of up to
8,000,000 working capital units (the “WC Units”) of the Company at a price of $0.04
per WC Unit for up to $320,000 and up to 12,000,000 Flow Through units (the “FT
Units”) at a price of $0.05 per FT Unit for up to $600,000 both of which constitute the
“Offering”.
The Offering
Each WC Unit comprises one (1) common share of the Company priced at $0.04 and
one full common share purchase warrant (a “WC Warrant”) entitling the holder to
acquire one (1) common share at a price of $0.06 until three years (36 months)
following the closing of the Offering. The proceeds from the WC Units will be used for
general working capital, property maintenance, exploration and expenses of the
offering.
Each FT Unit comprises one common share of the Company priced at $0.05 and one
half (1/2) of a common share purchase warrant. One full common share purchase
warrant (a “FT Warrant”) and $0.10 will acquire an additional common share until
two years (24 months) following the closing of the Offering. The proceeds from the
sale of the FT Units will be used for exploration work that qualifies for Canadian
Exploration Expenses (CEE).
In connection with 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 payable in cash and/or securities of Bold at the discretion of the Company and in
accordance with the rules of the TSXV.
BOL.V Bay Adelaide Centre-East Tower
22 Adelaide Street West, Suite 3600
Toronto, Ontario, M5H 4E3
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All securities to be issued pursuant to the Offering are subject to a statutory four (4)
month and one (1) day hold period and regulatory approval.
Ring of Fire News
In other news, four First Nations and the Ontario Government have recently signed
agreements to support all weather roads and economic development in the north.
These agreements signal progress in unlocking economic opportunities and resource
development for First Nations surrounding access planned for the Ring of Fire region.
The Canadian Press article may be accessed at Four First Nations and Ontario Sign
Agreements
About Bold’s Koper Lake Project in the Ring of Fire
Bold has a vested 10% carried interest (to production) in the Black Horse Chromite
NI-43-101 Inferred Resource of 85.9 Mt @ 34.5% Cr2O3 at a cutoff grade of 20%
Cr2O3 (KWG/CACR Website 2023). Bold has a 40% working interest in all other
metals found within the claims and is the All Other Metals’ Project Operator. Bold also
owns a right of first refusal on a 1% Net Smelter Royalty covering all metals produced
from the property. The Koper Lake Property is located adjacent to and contiguous
with Wyloo Ring of Fire’s (formerly Noront Resources Ltd.) Blackbird Chromite
deposit and within 300 m of the Eagles Nest Nickel-Copper Massive Sulphide Deposit
in the permit stage.
The Ring of Fire access and infrastructure development continues within the
environmental permitting process. The two closest First Nations are acting as
proponents for the all-weather access and supply roads. Information about Bold’s
Ring of Fire projects, the Ring of Fire infrastructure development and various critical
mineral articles can be accessed on the Bold Critical and Battery Minerals page.
The technical information in this news release was reviewed and approved by Gerald D.
White, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
Bold Ventures management believes our suite of Battery, Critical and Precious
Metals exploration projects are an ideal combination of exploration potential
meeting future demand. 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
BOL.V Bay Adelaide Centre-East Tower
22 Adelaide Street West, Suite 3600
Toronto, Ontario, M5H 4E3
boldventuresinc.com
and Federal electrification plans are posted on the Bold Critical and Battery
Minerals page.
About Bold Ventures Inc.
The Company explores for Gold and Base Metals in Canada. Bold is exploring
properties located within active gold camps of Northern 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.
For additional information about Bold Ventures and our projects please visit
www.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.