Bold Ventures closes $200,000 private placement

Executive Summary

• Bold Ventures Inc. has closed a non-brokered private placement raising gross proceeds of $200,000.
• The company issued 2.5 million Working Capital (WC) units at a price of $0.08 per unit.
• Proceeds are designated for general working capital, property maintenance, exploration, and offering expenses.

Key Details

• Gross Proceeds: $200,000.
• Units Issued: 2,500,000 Working Capital (WC) units.
• Price Per Unit: $0.08.
• Unit Composition: Each WC unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one common share at an exercise price of $0.12. The warrants expire on January 21, 2029.
• Finder’s Fees: A cash finder's fee of $11,200 was paid.
• Finder Compensation: 140,000 compensation warrants were issued to one eligible finder. These warrants allow the acquisition of one common share at $0.12 until January 21, 2029.
• Hold Period: All securities issued are subject to a hold period expiring on May 22, 2026.
• Use of Proceeds: General working capital, property maintenance, exploration, and expenses of the offering.

Notable Quotes

• "Bold Ventures management believes the company's suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand."