Bold Ventures Extends Non-Brokered Private Placement

Bold Ventures Inc. (TSX.V:BOL) has announced an extension to its non-brokered private placement, first announced on July 4, 2024. The company is offering up to 8,000,000 working capital units (WC Units) at $0.04 per unit, aiming to raise up to $320,000, and up to 12,000,000 flow-through units (FT Units) at $0.05 per unit, aiming to raise up to $600,000. The first tranche closed on July 31, 2024, with 1,755,000 WC Units sold for $70,200. The offering will stay open until all remaining units are sold or September 18, 2024, whichever comes first.

Each WC Unit includes one common share and one share purchase warrant, allowing the holder to buy another share at $0.06 within three years. Funds will be used for general working capital, property maintenance, exploration, and covering offering expenses. Each FT Unit includes one common share and one-half share purchase warrant, enabling the purchase of an additional share at $0.10 within two years. The proceeds will fund Canadian Exploration Expenses (CEE).

Bold Ventures may pay a finder's fee in cash or securities, subject to TSXV rules. All securities issued in the offering are subject to a four-month and one-day hold period and regulatory approval. Further announcements on infrastructure development and access to the Ring of Fire area are expected in September.