Toronto, Ontario, December 31, 2021 – Bold Ventures Inc. (BOL: TSX.V) (the “Company” or “Bold”) announces that, further to its Press Release of December 13, 2021, it has closed the final tranche of its non-brokered private placement offering (the “Offering”) with the sale of 370,000 “flow-through shares” within the meaning of the Income Tax Act (Canada) (each a “FT Share”) at a price of $0.125 per FT Share for gross proceeds of $46,250. The Company placed an aggregate of 1,180,000 FT Shares pursuant to the Offering for gross proceeds of $147,500.
Proceeds from the sale of FT Shares will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act and “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act.
In connection with the Offering, the Company paid eligible finders cash fees of $3,237.50. The securities issued are subject to a hold period expiring on May 1, 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: firstname.lastname@example.org.
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