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Bold Announces Extension of its Non-Brokered Private Placement
TORONTO, ON / ACCESSWIRE / August 19, 2024 / Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "B...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Announces Extension of its Non-Brokered Private Placement TORONTO, ON / ACCESSWIRE / August 19, 2024 / Bold Ventures Inc. (TSX.V:BOL) (the \"Company\" or \"Bold\") wishes to announce that it is extending its non-brokered private placement, announced on July 4, 2024. This involves up to 8,000,000 working capital units (the \"WC Units\") of the Company at a price of $0.04 per WC Unit for up to $320,000 and up to 12,000,000 Flow Through units (the \"FT Units\") at a price of $0.05 per FT Unit for up to $600,000 both of which constitute the \"Offering\". The Company closed the first tranche of the offering on July 31, 2024 with the placement of 1,755,000 WC Units for proceeds of $70,200. The Offering will remain open until the earlier of the sale of the remaining 6,245,000 WC Units and the 12,000,000 FT Units and September 18, 2024.The OfferingEach WC Unit comprises one (1) common share of the Company priced at $0.04 and one full common share purchase warrant (a \"WC Warrant\") entitling the holder to acquire one (1) common share at a price of $0.06 until three years (36 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offeringEach FT Unit comprises one common share of the Company priced at $0.05 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a \"FT Warrant\") and $0.10 will acquire an additional common share until two years (24 months) following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).In connection with the Offering, the Company may pay a finder's fee to qualified finders in consideration for their assistance with the Offering. The finder's fees may be payable in cash and/or securities of Bold at the discretion of the Company and in accordance with the rules of the TSXV.All securities to be issued pursuant to the Offering are subject to a statutory four (4) month and one (1) day hold period and regulatory approval.In other news, the Company reports that additional announcements are expected in September concerning the development of infrastructure and access to the Ring of Fire area. To view this information follow Massive Investments Inf...