Bold Ventures Seals Third Tranche, Extends Private Placement, and Welcomes Insider Subscriptions

Bold Ventures Announces Closing of Third Tranche Extension of Non-Brokered Private Placement and Insider Subscriptions

Bold Ventures Inc. (the Company or Bold) is pleased to announce that it has closed the third tranche extension of its non-brokered private placement. The company has also successfully secured subscriptions from insiders, demonstrating strong confidence in the future prospects of the company.

The private placement consisted of the issuance of units at a price of $0.05 per unit, with each unit consisting of one common share and one common share purchase warrant. The warrants entitle the holder to purchase an additional common share at a price of $0.10 for a period of two years from the date of issue.

The company raised a total of $2,000,000 through the private placement, with the third tranche extension raising an additional $500,000. This successful financing will provide the company with the necessary capital to fund its ongoing exploration and development activities.

In addition to the successful closing of the private placement, Bold Ventures is pleased to announce that company insiders have subscribed for a significant portion of the offering. This demonstrates the strong belief that insiders have in the company’s projects and management team.

The funds raised through the private placement will be used to advance the company’s exploration programs, particularly focusing on its key projects. Bold Ventures has a diverse portfolio of mineral exploration properties, including gold and base metal projects in Ontario.

The company has a proven track record of discovering and developing mineral deposits, and the successful completion of this private placement will enable Bold Ventures to continue its exploration efforts and unlock further value for its shareholders.

Bold Ventures remains committed to creating long-term value for its shareholders through strategic exploration and development initiatives. With a strong cash position following the successful private placement, the company is well-positioned to capitalize on opportunities in the mineral exploration sector.

In conclusion, the closing of the third tranche extension of the non-brokered private placement and the insider subscriptions are significant milestones for Bold Ventures. The successful financing will provide the company with the necessary capital to advance its exploration programs and create value for its shareholders. With a strong portfolio of mineral exploration properties and a dedicated management team, Bold Ventures is well-positioned for future success in the mining industry.