Bold Ventures Announces Final Closing of Non-Brokered Private Placement

Toronto, Ontario, September 30, 2020 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or “Bold”) is pleased to announce that it has closed the final tranche of its non-brokered private placement, announced in its July 31, 2020 Press Release (the “Offering”), and raised a further $60,050 through the issuance of 700,000 working capital units (“WC Units”) and 334,000 flow-through units (“FT Units”).

Each WC Unit is priced at $0.05 and 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 September 29, 2022.

Each FT Unit comprises one (1) common share of the Company and one-half (½) of one (1) common share purchase warrant. Each full warrant (a “Warrant”) entitles the holder to acquire one (1) common share at a price of $0.10 until September 29, 2022.

All securities issued pursuant to the final closing are subject to a hold period expiring on January 30, 2021.

The Company raised gross proceeds of $436,075 through the placement of 5,600,000 WC Units and 2,081,000 FT Units pursuant to the Offering.
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 Gold and Base metals in Canada. Bold is exploring properties located within active gold camps of Northwestern 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 boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

 

“David B Graham”
David Graham
President and CEO