Bold Ventures Announces Non-Brokered Private Placement and First Tranche Closing

Bold Ventures Announces Non-Brokered Private Placement and First Tranche Closing

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce a non-brokered private placement offering of up to 6,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $300,000 and up to 10,000,000 Flow Through units (the "FT Units") at a price of $0.06 per FT Unit for up to $600,000 both of which constitute the "Offering."

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a "WC Warrant") entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a "FT Warrant") and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

In connection with the Offering, the Company may pay a finder's fee to qualified finders in consideration for their assistance with the Offering. The finder's fees may be payable in cash and/or securities of Bold at the discretion of the Company and in accordance with the rules of the TSXV.

All securities to be issued pursuant to the Offering are subject to a statutory four (4) month and one (1) day hold period and regulatory approval.

A first closing of 600,000 FT Units and 1,760,000 WC Units for gross proceeds of $124,000.00 has been effected. The securities issued are subject to a hold period expiring on August 12, 2025. In order to allow for the completion of additional subscriptions to the Offering, a further closing is expected to occur when fully subscribed or on April 28, 2025.

Ring of Fire News

In other news, Webequie and Marten Falls First Nations, leaders of the Northern Road Link project, have recently expressed support for Conservative Leader Pierre Poilievre's stated commitment to invest $1 billion in road infrastructure to the Ring of Fire and to improve the federal permitting process. The March 19th, 2025 article by Northern Road Link may be accessed at Northern Road Link News Update.

About Bold's Koper Lake Project in the Ring of Fire

Bold has a vested 10% carried interest (to production) in the Black Horse Chromite NI-43-101 Inferred Resource of 85.9 Mt @ 34.5% Cr2O3 at a cutoff grade of 20% Cr2O3 (KWG/CACR Website 2023). Bold has a 40% working interest in all other metals found within the claims and is the All Other Metals' Project Operator. Bold also owns a right of first refusal on a 1% Net Smelter Royalty covering all metals produced from the property. The Koper Lake Property is located adjacent to and contiguous with Wyloo Ring of Fire's (formerly Noront Resources Ltd.) Blackbird Chromite deposit and within 300 m of the Eagles Nest Nickel-Copper Massive Sulphide Deposit in the permit stage.

The Ring of Fire access and infrastructure development continues within the environmental permitting process. The two closest First Nations are acting as proponents for the all-weather access and supply roads. Information about Bold's Ring of Fire projects, the Ring of Fire infrastructure development and various critical mineral articles can be accessed on the Bold Critical and Battery Minerals page.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., V.P. Exploration of the Company and a qualified person (QP) for the purposes of NI 43-101

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). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in 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.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

"Bruce A MacLachlan" "David B Graham"
Bruce MacLachlan
David Graham
President and COO
CEO

 
Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248148

News Provided by Newsfile via QuoteMedia

BOL:CA
Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Bold Ventures (TSXV:BOL)

Bold Ventures

Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Developing precious and critical mineral assets in mining-friendly Ontario

Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce the discovery of a new style of mineralization on its Wilcorp Property (the "Property") in the Atikokan area in Ontario, consisting of significant Au-Ag-Cu mineralization from sulphide-quartz stringers in... Keep Reading...
Bold Ventures Provides Update at Burchell Gold Copper Project and Ring of Fire News

Bold Ventures Provides Update at Burchell Gold Copper Project and Ring of Fire News

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to provide an update of activities at its Burchell Gold Copper project, 100 km west of Thunder Bay, Ontario, and Koper Lake in the Ring of Fire, Ontario. Burchell Gold Copper Project Mechanical stripping at the 111... Keep Reading...
Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce the results of a prospecting and sampling program on its Burchell Gold and Copper Property (the "Property"), located within the Shebandowan Greenstone Belt, approximately 100 km west of Thunder Bay,... Keep Reading...
Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce that it has received two exploration permits for work at the Burchell Gold Copper Project. The applications were made as a result of recent exploration work in and around the "111 Zone" gold discovery (see... Keep Reading...
Bold Ventures Announces Results of A and B Horizon Soil Sampling Program on Its Burchell Property

Bold Ventures Announces Results of A and B Horizon Soil Sampling Program on Its Burchell Property

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce the results of an A and B Horizon Soil Sampling Program on its Burchell Gold and Copper Property ("the Property"), located approximately 100 km west of Thunder Bay, Ontario. 474 samples in total were... Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

AuKing Mining (AKN:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Questcorp and Riverside Update Substantial Drilling Progress at the LA Union Gold and Silver Project with Seven Holes Completed at Four Targets

Questcorp and Riverside Update Substantial Drilling Progress at the LA Union Gold and Silver Project with Seven Holes Completed at Four Targets

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to further update investors on its maiden drilling program at the La Union gold and silver project in Sonora, Mexico, which continues on track and on budget. The program is now... Keep Reading...
Prismo Reports High Grade Gold along with Silver, Copper and Zinc Mineralization at Ripsey Mine

Prismo Reports High Grade Gold along with Silver, Copper and Zinc Mineralization at Ripsey Mine

(TheNewswire) 600-meter Drill Target Along Strike Confirmed Vancouver, British Columbia TheNewswire - October 16th, 2025 Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that it has received assay results from 15 samples taken at the... Keep Reading...
Angkor Resources Identifies Second Drill Target for Oil & Gas on its Block VIII, Cambodia

Angkor Resources Identifies Second Drill Target for Oil & Gas on its Block VIII, Cambodia

(TheNewswire) GRANDE PRAIRIE, ALBERTA - October 15, 2025 TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") has a second drill target from an identified second anticline on Central... Keep Reading...
Corcel Exploration Outlines Planned Drill Program at Yuma King, Arizona

Corcel Exploration Outlines Planned Drill Program at Yuma King, Arizona

Corcel Exploration Inc. (CSE: CRCL) (the "Company" or "Corcel") today announced plans for Phase 1 of its maiden drill program and additional surface exploration activities on its 100%-owned Yuma King Project ("Yuma King" or the "Project") in west-central Arizona. The Phase 1 drill program will... Keep Reading...
Silver47 Intersects High-Grade Mineralization in Step-Out Holes at Red Mountain, Alaska, and Hughes, Nevada

Silver47 Intersects High-Grade Mineralization in Step-Out Holes at Red Mountain, Alaska, and Hughes, Nevada

Assays for Additional Holes Remain Pending Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce high-grade assay results from the first batch of holes from the 2025 drill program at the Company's wholly-owned and flagship Red... Keep Reading...
Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News