Bold Ventures closes $776,800 private placement

Executive Summary

• Bold Ventures Inc. has closed a non-brokered private placement raising gross proceeds of $776,800, consisting of working capital units and flow-through units.
• The company issued 6,000,000 working capital units at $0.08 per unit and 3,297,776 flow-through units at $0.09 per unit, with all securities subject to a hold period until May 1, 2026.
• Proceeds are designated for general working capital, property maintenance, exploration, and CEE-qualifying exploration work, with insider subscriptions included in the total.

Key Details

• Total Gross Proceeds: $776,800.
• Working Capital Units: 6,000,000 units issued at $0.08 per unit, generating $480,000.
  • Each unit comprises one common share and one full common share purchase warrant.
  • Warrants entitle the holder to acquire one common share at $0.12 until December 31, 2028.
  • Proceeds use: General working capital, property maintenance, exploration, and offering expenses.
• Flow-Through Units: 3,297,776 units issued at $0.09 per unit, generating $296,800.
  • Each unit comprises one common share and one-half of a common share purchase warrant.
  • Warrants entitle the holder to acquire one common share at $0.12 (plus $0.12 cash) until December 31, 2027.
  • Proceeds use: Exploration work qualifying for Canadian Exploration Expenses (CEE).
• Finder’s Fees and Compensation:
  • Cash finders' fees paid: $36,719.99.
  • Compensation warrants issued: 454,333 warrants to two eligible finders.
    • 37,333 warrants: Exercise price $0.12, expiring December 31, 2027.
    • 417,000 warrants: Exercise price $0.12, expiring December 31, 2028.
• Insider Subscriptions: Three insiders subscribed for 420,000 flow-through units for gross proceeds of $37,800.
  • Exempt from valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (MI 61-101) under sections 5.5(a) and 5.7(1)(a) as the fair market value of consideration does not exceed 25% of market capitalization.
• Hold Period: All securities issued are subject to a hold period expiring on May 1, 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 and Chief Operating Officer