Bard Closes Non Brokered Private Placement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TS X
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NEWS RELEASE
BARD CLOSES NON BROKERED PRIVATE PLACEMENT
August 23, 2017 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “ Company” or “Bard”) is pleased to
announce that further to its news release dated July 21, 2017, it closed a non-brokered private placement for 4,166,666
units (the “Units”) of the Company at a price of $0.03 per unit for gross proceeds of $125,000 (the “Offering”).
Each unit consists of one (1) common share (the “Common Share ”) and one (1) transferable share purchase warrant (a
“Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Common Share of the Company on
or before August 23, 2022 at a price of $0.05 per common share.
The Company paid a Finder’s Fee of $840.00 cash and issued 28,000 Finder’s Warrants. Each Finder’s Warrant entitles
the Finder to acquire one common share at a price of $0.05 for a period of 24 months, expiring on August 23, 2019.
The securities issued pursuant to the Offering are subject to a four (4) month hold period that expires on December 24,
2017.
As a subscriber to the Offering, Eugene Beukman, a Director and Officer of the Company, acquired indirectly, 433,333
Units. The participation by an insider in the Private Placement is considered to be a “related party transaction” as defined
under Multilateral Instrument 61- 101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority
shareholder approval requirements of MI 61 -101, as neither the fair market value of the securities being issued nor the
consideration being paid exceeds 25% of Bard’s market capitalization. No Finder’s Fee was paid for Mr. Beukman’s
subscription.
Proceeds raised from the sale of the Units will be used for claim maintenance fees, general property review and geological
review of new gold and silver areas.
On behalf of:
Bard Ventures Ltd.
“Eugene Beukman”
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995. All statements in this release, other than statements of historical facts, that address fu ture production, reserve potential, exploration and development activities
and events or developments that the Company expects, are forward -looking statements. Although management believes the expectations expressed in such forward -
looking statements are b ased on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ
materially from those in the forward -looking statements. Factors that could cause actual results to differ materially fr om those in forward -looking statements include
market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see
our public filings at www.sedar.com for further information.
TSX-V: CBS
Frankfurt: BVU
www.bardventures.com
HEAD OFFICE:
Suite 1128
789 West Pender Street
Vancouver, British Columbia
V6C 1H2
Tel: 604.687.2038
Fax: 604.687.3141