Bold Ventures Inc. Announces Closing of First Tranche of Financing

Toronto, Ontario July 22, 2015 – Bold Ventures Inc. (TSX.V: BOL ) (“Bold” or the “Company”) is pleased to announce that, further to its press release of July 13, 2015, it has closed the first tranche of its brokered working capital unit private placement (the “Offering”) by placing 3,500,000 working capital units (each a “WC Unit”) of the Company at a price of $0.05 per WC Unit for gross proceeds of $175,000. The Offering is being led on a best efforts basis by IBK Capital Corporation. The funds will be used for claims maintenance, potential acquisitions and working capital.

Each WC Unit consists of one common share of the Company and one (1) share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to acquire an additional common share for five (5) years from the closing of the Offering at a price of $0.05 per Common Share. The Company paid cash commissions of $14,000 and issued 280,000 broker warrants (“Broker Warrants”) in respect of the first closing. Each Broker Warrant entitles the holder to acquire a WC Unit for five (5) years from Closing at a price of $0.05 per Broker Warrant.

The securities issued are subject to a hold period expiring on November 22, 2015. The Company will leave the remainder of the Offering of up to 6,500,000 WC Units open until August 10, 2015.

For more information, please visit www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

“Richard E. Nemis”
Richard E. Nemis,
President and Chief Executive Officer

Traxxin drill results are in!

Keep informed of Bold Ventures exploration for precious, battery and base metals. 
SUBSCRIBE TO OUR MAILING LIST
Bold Ventures Inc. 2022
close-link