Bold Ventures Inc. Amends Terms of Brokered Private Placement
June 17 2014 - 10:37PM
Marketwired Canada
Bold Ventures Inc. (TSX VENTURE:BOL ) ("Bold" or the "Company") wishes to
announce that further to its June 2, 2014 press release, it has amended the
terms of the brokered private placement (the "Offering") to offer up to
3,846,154 working capital units (the "WC Units") of the Company at an amended
price of $0.065 per WC Unit for up to $250,000 and up to 7,692,308 flow-through
units (the "FT Units") of the Company at an amended price of $0.065 per FT Unit
for up to $500,000. The Offering is being led on a best efforts basis by IBK
Capital Corp. (the "Agent"). The price and terms of the warrants remain the
same. The subscribers of the FT Units reside in Quebec and as a result of the
recent changes to the flow-through write-offs in Quebec, the Offering is being
re-priced to partially compensate the subscribers for the reduced write-offs.
The Offering is expected to close, subject to approval from the TSX Venture
Exchange, on or about July 9, 2014 or such other date as is agreed to between
the Company and the Agent (the "Closing"). Proceeds from the Offering will be
used for general working capital and to fund exploration on the Company's
properties in Quebec.
All securities issued pursuant to the above-referenced private placements are
subject to a statutory four month hold period.
Richard E. Nemis, President and Chief Executive Officer
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.
Forward-Looking Statements: This Press Release contains forward-looking
statements that involve risks and uncertainties, which may cause actual results
to differ materially from the statements made. When used in this document, the
words "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are intended to identify
forward-looking statements. Such statements reflect our current views with
respect to future events and are subject to such risks and uncertainties. Many
factors could cause our actual results to differ materially from the statements
made, including those factors discussed in filings made by us with the Canadian
securities regulatory authorities. Should one or more of these risks and
uncertainties, such actual results of current exploration programs, the general
risks associated with the mining industry, the price of gold and other metals,
currency and interest rate fluctuations, increased competition and general
economic and market factors, occur or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or expected. We do not
intend and do not assume any obligation to update these forward-looking
statements, except as required by law. Shareholders are cautioned not to put
undue reliance on such forward-looking statements
FOR FURTHER INFORMATION PLEASE CONTACT:
Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com
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