Bold Ventures

Bold Ventures Closes Second Tranche of Non-Brokered Private Placement

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces the second closing of its non-brokered private placement offering, first announced on April 11th, 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."

Subscriptions for 2,901,333 FT Units and 4,040,000 WC Units for gross proceeds of $376,079.98 were completed in the second tranche, for a total of 3,501,333 FT Units and 5,800,000 WC Units for gross proceeds of $500,079.98 for the Offering so far.

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and May 23, 2025.

The Company paid cash finder's fees of $17,682.50 and issued 307,883 compensation warrants (the "Compensation Warrants") to eligible finders. Each Composition Warrant entitles the holder to acquire one common share of the Company at $0.08 until October 28, 2026.

The securities issued in the second tranche are subject to a hold period expiring on August 29, 2025.

Insider Subscriptions

Two insiders have agreed to subscribe for 250,000 FT Units for proceeds of $15,000 on the final closing of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insiders does not exceed 25% of its market capitalization.

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).

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"
Bruce MacLachlan
President and COO
"David B Graham"
David Graham
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.

Click here to connect with Bold Ventures Inc. (TSXV: BOL) to receive an Investor Presentation

Source

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


Keep reading...Show less

Developing precious and critical mineral assets in mining-friendly Ontario

Bold Ventures Provides Update on Field Work at Burchell Property

Bold Ventures Provides Update on Field Work at Burchell Property

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to provide an update on the progress of field work at its Burchell Gold and Copper Property, located approximately 100 km west of Thunder Bay.

 

Prospecting, outcrop mapping and soil sampling were carried out during the months of May and June on a 1 km by 800 m flagged grid centered on the recently discovered 111 Zone, where grab samples returned between 10 ppb gold and 68 g/t gold last December (see news releases dated December 12, 2024 and January 9, 2025). More than 600 rock and soil samples have been submitted for analysis from this first phase of field work, with final results pending.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement

Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce the fourth and final closing of its non-brokered private placement offering first announced on April 11th and increased on May 26th and June 5th, of up to 9,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $450,000, and up to 10,314,666 Flow Through Units (the "FT Units") at a price of $0.06 per FT Unit for up to $618,900, both of which constitute the "Offering". The Offering was fully subscribed for gross proceeds of $1,068,900.

 

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Further Increase of Non-brokered Private Placement

Bold Ventures Announces Further Increase of Non-brokered Private Placement

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the offering of its non-brokered private placement first announced on April 11th and increased on May 26, 2025, will be increased by a further $19,000 of Flow Through units (the "FT Units"). The Company is offering up to 9,000,000 working capital units (the "WC Units") at a price of $0.05 per WC Unit for up to $450,000, and up to 10,316,666 FT Units at a price of $0.06 per FT Unit for up to $619,000, both of which constitute the "Offering."

 

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and June 23, 2025.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Increase and Extension of Non-Brokered Private Placement and Closing of Third Tranche, and Signs Agreement with Investor News Network

Bold Ventures Announces Increase and Extension of Non-Brokered Private Placement and Closing of Third Tranche, and Signs Agreement with Investor News Network

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the offering of its non-brokered private placement first announced on April 11th will be increased by up to $150,000. The Company will be offering up to 9,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $450,000, 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 has also been extended for up to a further thirty (30) days.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures to Present at Metals Investor Forum in Vancouver on May 9, 2025

Bold Ventures to Present at Metals Investor Forum in Vancouver on May 9, 2025

 

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the Company will be presenting at Metals Investor Forum (MIF) on May 9 at The Rosewood Hotel, 801 W Georgia St, Vancouver, BC. The Company's President and COO, Bruce MacLachlan, and the Company's V.P. Exploration, Coleman Robertson, will be present during the conference.

 

John Kaiser, author of Kaiser Research Online, will be introducing Coleman Robertson at 4:50 p.m. Local Time, who will provide an overview and update on the Company's assets and plans for the upcoming field season. Please see the link to the May 9 Metals Investor Forum web page.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
David Erfle, gold bars.

David Erfle: Silver Staging "Powerful" Breakout; Plus Gold Stocks and Copper Squeeze

David Erfle, editor and founder of Junior Miner Junky, shares his short-term outlook for gold, saying it could see a healthy test of US$3,200 per ounce — or even US$2,950 to US$3,000.

Erfle also shares his thoughts on what's coming for silver and copper prices.

Keep reading...Show less
Gold nugget displayed on an antique balance scale with a dark background.

Meeka Metals Reports First Gold Pour at Murchison Project

Meeka Metals (ASX:MEK) has poured the first gold at its flagship Murchison project in Western Australia.

The pour happened on Tuesday (July 1), and in a Wednesday (July 2) press release, the company said the project’s production is in line with schedule, happening within 12 months of breaking ground.

Murchison sits near several multimillion-ounce gold mines and hosts a large, high-grade resource of 1.2 million ounces at 3 grams per tonne (g/t) gold on granted mining leases.

Keep reading...Show less
Aurum Resources (ASX:AUE)

Aurum Resources


Keep reading...Show less
Bold Ventures

Bold Ventures Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×