Toronto, Ontario (July 13, 2015) – Bold Ventures Inc. (TSX.V: BOL ) (“Bold” or the “Company”) wishes to announce that it is extending the closing date of the brokered private placement (the “Offering”) of up to 10,000,000 working capital units (the “WC Units”) of the Company at a price of $0.05 per WC Unit for up to $500,000 announced on April 9, 2015 to on or about August 10, 2015. The Offering is being led on a best efforts basis by IBK Capital Corporation (the “Agent”).
Each WC Unit consists of one (1) common share of the Company priced at $0.05 per common share 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 $0.05 until five (5) years from Closing.
The Company has agreed to pay the Agent a commission of 8% cash and issue broker warrants (“Broker Warrants”) equal to 8% of the number of WC Units sold under the Offering. 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.
All securities to be issued pursuant to the above-referenced private placement will be subject to a statutory four month hold period.
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