Bold Ventures Completes Private Placement and Insider Subscriptions

Bold Ventures Inc., a Toronto-based company, announced the completion of its non-brokered private placement, raising $274,200. This final tranche included 1,000,000 flow-through units (FT Units), bringing in $50,000. In total, the company issued 5,205,000 working capital units (WC Units) and 1,320,000 FT Units.

Each WC Unit comprises a common share and a warrant, allowing the purchase of an additional share at $0.06 within three years. Each FT Unit includes a flow-through share priced at $0.05 and half a warrant, with the full warrant enabling purchase at $0.10 within two years. Funds will support exploration projects qualifying for Canadian Exploration Expenses.

Two company insiders participated, subscribing for 1,000,000 FT Units. This insider placement avoids complex regulatory requirements due to the company's market capitalization status.