Bold Ventures closes $378,000 private placement

Executive Summary

• Bold Ventures Inc. has closed a non-brokered flow-through private placement, raising gross proceeds of $378,000.
• The company issued 4.2 million flow-through units at a price of $0.09 per unit, with proceeds allocated to exploration expenses in Ontario and Quebec.
• The transaction involved finder's fees and compensation warrants, with securities subject to a hold period until April 11, 2026.

Key Details

• Transaction Structure: Non-brokered private placement of 4.2 million flow-through (FT) units.
• Price: $0.09 per FT unit.
• Gross Proceeds: $378,000.
• Unit Composition: Each FT unit consists of one common share and one-half of a common share purchase warrant.
• Warrant Terms: One full common share purchase warrant and $0.12 can acquire an additional common share at $0.09 until December 10, 2027.
• Finder's Fees:
  • Cash fee of $30,240 paid to an eligible finder.
  • 336,000 compensation warrants issued to two eligible finders, exercisable at $0.09 until December 10, 2027.
• Hold Period: Securities are subject to a hold period expiring on April 11, 2026.
• Use of Proceeds: Funds designated for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under the Income Tax Act (Canada).
  • $270,000 allocated to properties in Ontario.
  • $108,000 allocated to property in Quebec.
• Renunciation: The company will renounce Canadian exploration expenses with an effective date no later than December 31, 2025.
• Target Commodities: Copper, nickel, lead, zinc, gold, silver, platinum, palladium, and chromium.
• Project Locations: Active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario, and assets within/around the Ring of Fire region in Northern Ontario.