Business
Bold Ventures Closes $776,800 Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - January 2, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Closes $776,800 Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - January 2, 2026) - Bold Ventures Inc. (TSXV: BOL) (the \"Company\" or \"Bold\") is pleased to announce that further to its news release of December 16, 2025, it has closed its non-brokered private placement offering for gross proceeds of $776,800, through the placement of 6,000,000 working capital units (the \"WC Units\") of the Company at a price of $0.08 per WC unit for $480,000 (the \"WC Offering\") and 3,297,776 Flow Through units (the \"FT Units\") at a price of $0.09 per FT Unit for $296,800 (the \"FT Offering\", and together with the WC Offering, the \"Offering\"). The Company paid cash finder fees in the aggregate of $36,719.99 and issued an aggregate of 454,333 compensation warrants (the \"Compensation Warrants\") to two eligible finders. 37,333 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2027. 417,000 of the Compensation Warrants entitle the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028.All the securities issued pursuant to the Offering are subject to a hold period expiring on May 1, 2026.Bruce MacLachlan, President and COO of Bold Ventures, stated: \"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.\" Insider SubscriptionsThree insiders subscribed for 420,000 FT Units for gross proceeds of $37,800. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (\"MI 61-101\") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization. The OfferingEach WC Unit comprises one (1) common share of the Company priced at $0.08 and one full common share purchase warrant (a \"WC Warrant\") entitling the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of...