Bold Ventures Closes $776,800 Non-Brokered Private Placement
Executive Summary
- Bold Ventures Inc. closed a non‑brokered private placement raising $776,800 in gross proceeds.
- The offering consisted of 6,000,000 Working Capital (WC) Units at $0.08 each and 3,297,776 Flow‑Through (FT) Units at $0.09 each.
- Proceeds are earmarked for general working capital, property maintenance, exploration activities, and Canadian Exploration Expenses (CEE).
Key Details
- Total Gross Proceeds: $776,800
- WC Offering: 6,000,000 units × $0.08 = $480,000
-
FT Offering: 3,297,776 units × $0.09 = $296,800
-
Unit Structure:
- WC Unit: 1 common share @ $0.08 + 1 full common‑share purchase warrant (exercise price $0.12, expires 31 Dec 2028).
-
FT Unit: 1 common share @ $0.09 + ½ of a common‑share purchase warrant (full warrant + $0.12 purchases an additional share, expires 31 Dec 2027).
-
Compensation Warrants to Finders: 454,333 warrants issued;
- 37,333 warrants exercisable at $0.12 until 31 Dec 2027.
-
417,000 warrants exercisable at $0.12 until 31 Dec 2028.
-
Finder Fees Paid: $36,719.99 in cash.
-
Hold Period: All securities issued are subject to a lock‑up expiring 1 May 2026.
-
Insider Subscriptions:
- Three insiders purchased 420,000 FT Units for $37,800.
-
These placements qualify for exemption from MI 61‑101 valuation and minority shareholder approval requirements.
-
Use of Proceeds:
- WC Unit proceeds → general working capital, property maintenance, exploration, offering expenses.
-
FT Unit proceeds → exploration work qualifying for Canadian Exploration Expenses (CEE).
-
Management Comment: Bruce MacLachlan, President & COO, thanked shareholders and noted anticipation of drilling results in 2026.
Notable Quotes
“We wish to thank our existing shareholders for their continued support of the Company and welcome the participation by new investors. We look forward to seeing the results from our drilling programs in 2026.” – Bruce MacLachlan, President & COO, Bold Ventures Inc.