Toronto, Ontario, June 15, 2022 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or “Bold”) is pleased to announce the offering of a non-brokered private placement of up to 4,000,000 critical mineral flow-through units (the “CMFT Units”) for up to $600,000 and up to 4,000,000 working capital units (the “WC Units”) for up to $440,000 (the “Offering”).
Each CMFT Unit is priced at $0.15 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (a “Warrant”) entitles the holder to purchase one (1) common share (a “Warrant Share”) at a price of $0.25 per Warrant Share until the date which is twenty-four (24) months following the Closing of the Offering.
Each WC Unit is priced at $0.11 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (a “WC Warrant”) entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.15 per WC Warrant Share until the date which is twenty-four (24) months following the Closing of the Offering.
Eligible Finders may receive a fee in cash, shares or warrants.
The proceeds from the sale of WC units will be used for administration, property maintenance and acquisitions. The proceeds from the sale of CMFT Units will be used to explore for critical minerals, primarily copper and zinc, for which the expenditures made on the Company’s mineral properties allow the subscriber to be eligible for the newly created Critical Mineral Exploration Tax Credit of an additional 30%.
All securities issued under the Offering are subject to a statutory four- month hold period. The Offering is scheduled to close before the end of June and is subject to certain conditions including, but not limited to, TSX Venture Exchange approval.
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).
Our exploration projects are well described in the projects section and in the updated version of the Company’s Corporate Presentation at boldventuresinc.com.
About Bold Ventures Inc.
The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold camps within the Thunder Bay and Wawa regions of 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.
As a result of the current COVID-19 virus concerns, the Company’s management and contractors are following public guidelines and taking recommended steps to protect the health and safety of all personnel while carrying out operations. As a result of the COVID-19 pandemic giving rise to local and national anti-virus measures, the scheduling of activities is subject to change. COVID-19 impacts may affect timing and availability of goods and services for the foreseeable future.
“David B Graham”
President and CEO