Business
Bold Ventures Makes Advisory Board Addition and Extends Financing
Toronto, Ontario--(Newsfile Corp. - April 4, 2019) - Bold Ventures Inc. (TSXV: BOL) (the "Comp...
About this update from Bold Ventures Inc.
[{"type":"text","content":"Bold Ventures Makes Advisory Board Addition and Extends FinancingToronto, Ontario--(Newsfile Corp. - April 4, 2019) - Bold Ventures Inc. (TSXV: BOL) (the \"Company\" or \"Bold\") is pleased to welcome Ms. Jennifer Nemis to the Company's Advisory Board. Jennifer received a B.A from York University in 1996. Ms. Nemis is co-founder of Horizons West and Discover Okanagan Tours, a successful tour and hospitality businesses with locations and services in Western Canada. Ms. Nemis has had significant experience in marketing and social media with an emphasis on guest services, relationship building and brand recognition.The Company also wishes to advise that the private placement Offering of up to 20,000,000 working capital units (the \"WC Units\") of the Company at a price of $0.025 per WC Unit for up to $500,000 (the \"WC Offering\") announced on February 19, 2019 will be extended for thirty (30) days. The WC Offering will be available to the existing shareholders of the Company resident in Canada (the \"Existing Shareholder Offering\") (collectively with the WC Offering, the \"Offering\") and to accredited investors. The Company will be proceeding with the debt settlement announced on February 19, 2019 to settle an aggregate of $38,500 of debt owed to certain insiders of the Company in consideration for the issuance of 770,000 common shares of the Company at a deemed price of $0.05 per share (the \"Debt Settlement\"). Particulars of the OfferingEach WC Unit comprises one (1) common share of the Company priced at $0.025 and one (1) common share purchase warrant (each a \"WC Warrant\"), with each WC Warrant entitling the holder to acquire one (1) common share at a price of $0.05 until two (2) years following the Closing of the Offering. The Company has agreed to pay a finder's fee of 7% cash on the sale of WC Units sold to accredited investors and issue broker warrants (\"Broker Warrants\") equal to 7% of the number of WC Units sold to accredited investors under the Offering to eligible finders. Each Broker Warrant comprises a broker unit (\"Broker Unit\") entitling the holder to acquire one (1) common share and one (1) WC Warrant for two (2) years from Closing at a price of $0.05 per Broker Unit. A fee may be paid to an investment dealer in relation to a placement to an existing shareholder.WaiverThe Offering is proceeding pursuant to...