Toronto, Ontario, December 21, 2021 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or “Bold”) is pleased to announce the closing of a non-brokered private placement of 3,161,000 working capital units (the “WC Units”) for gross proceeds of $252,800 (the “Offering”).
Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one-half (0.5) of a common share purchase warrant with each full warrant (a “WC Warrant”) entitling the holder to acquire one (1) common share at a price of $0.15 until December 20, 2023.
The proceeds from the Offering will be used for general working capital, property acquisition, exploration and expenses of the Offering. The Company paid a cash commission of $5,057.60 to BMO Nesbitt Burns Inc. in connection with the Offering.
All securities issued pursuant to the first closing are subject to a hold period expiring on April 21, 2022.
Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.
For additional information contact 416-864-1456 or email: email@example.com.
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.
“David B Graham”
President and CEO