Bold Ventures Inc. Closes Final Tranche of Brokered Private Placement
July 18 2014 - 8:00AM
Marketwired Canada
Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to
announce that further to the press release of July 11, 2014, it has closed the
final tranche of a brokered private placement (the "Offering") with the sale of
1,230,769 flow-through units and 3,436,442 working capital units for gross
proceeds of $303,368.73. The original offering of $750,000 was increased and
gross proceeds from all tranches of the Offering totaled $830,000. IBK Capital
Corp. (the "Agent") acted as Agent for the Offering.
Proceeds from the Offering will be used to fund exploration on the Company's Lac
Surprise Property in Quebec, under option from Northern Superior Resources Inc.
Work will commence immediately.
Three insiders of the Company subscribed for $79,999.99 of the Offering.
The Agent received a cash commission of $24,269.50 and 369,377 broker warrants
to acquire working capital units at a price of $0.065 per broker warrant for a
period of four years from closing and one subagent received 4,000 broker
warrants.
All securities issued are subject to a hold period expiring on November 18, 2014.
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.
Richard E. Nemis
President and Chief Executive Officer
416-864-1456
Bold Ventures (TSXV:BOL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Bold Ventures (TSXV:BOL)
Historical Stock Chart
From Nov 2023 to Nov 2024