The Company paid cash finder fees totaling $36,719.99 and issued a total 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 securities issued under the Offering are subject to a holding period expiring on May 1, 2026.
Bruce MacLachlan, president and COO of Bold Ventures, said: “We would like to thank our existing shareholders for their continued support of the company and welcome the participation of new investors. We look forward to seeing the results of our drilling programs in 2026.”
Insider subscriptions
Three insiders have 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”) pursuant to 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 Company’s securities issued to the insiders does not exceed 25% of its market capitalization.
The offer
Each WC Unit consists of one (1) common share of the Company priced at $0.08 and one full common share purchase option (a “Toilet guarantee“) which entitles the holder to acquire one (1) common share at a price of $0.12 until December 31, 2028. Proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.
Each FT Unit consists of one common share of the Company priced at $0.09 and one-half (1/2) of one common share purchase warrant. One full warrant for the purchase of ordinary shares (a “FT guarantee”) and $0.12 will acquire an additional common share until December 31, 2027. Proceeds from the sale of the FT units will be used for exploration work eligible for Canadian Exploration Expenses (CEE).
Bold Ventures management believes that our suite of exploration projects in batteries, critical metals and precious metals is an ideal combination of exploration potential that meets future demand. Our target goods consist of: Copper (Cu), Nickel (In), Pipe (Pb), Zinc (Zn), Gold (Ouch), Silver (Ag), platinum (Pt), Palladium (Pd) and chrome (Cr). The list of critical metals and a description of the provincial and federal electrification plans have been posted on the Bold website here.
About Bold Ventures Inc.
The company conducts precious, battery and critical metals research in Canada. Bold investigates properties in active gold and battery metal camps in the Thunder Bay and Wawa regions of Ontario. Bold also owns significant assets in and around the emerging multi-metal district called the Ring of Fire region, located in Northern Ontario’s James Bay Lowlands.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the statements made. When used in this document, the words “may”, “could”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views regarding future events and are subject to such risks and uncertainties. There are many factors that could cause our actual results to differ materially from statements made, including those discussed in filings by us with Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as the actual results of current exploration programs, general risks associated with mining, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, materialize or should the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described herein as intended, planned, anticipated or expected. We do not intend and assume no obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to place undue reliance on such forward-looking statements.
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