Toronto, Ontario (December 23, 2014) – Bold Ventures Inc. (TSX.V:
BOL ) (“
Bold” or the “
Company”) is pleased to announce the closing of a non-brokered private placement (the “
Offering”) of 5,000,000 flow-through units (the “
FT Units”) of the Company at a price of CDN$0.05 per FT Unit for gross proceeds of CDN$250,000.
Proceeds from the Offering will be used to fund exploration on the Company’s properties in Quebec.
Each FT Unit consists of one (1) flow-through common share priced at $0.05 per common share and one-half (1/2) common share purchase warrant (“
Warrant”), with each full Warrant entitling the holder to acquire one (1) common share at a price of $0.06 until June 22, 2017.
The Company paid Secutor Capital Markets (the “
Finder”) a cash fee of $20,000 and issued 400,000 broker warrants (“
Broker Warrants”). Each Broker Warrant entitles the holder to acquire a common share until June 22, 2017 at a price of $0.06 per Broker Warrant.
All securities issued pursuant to the above-referenced private placement are subject to a statutory four month hold period expiring on April 23, 2015.
For more information, please visit www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456. “Richard E. Nemis”
Richard E. Nemis,
President and Chief Executive Officer