Toronto-based Bold Ventures Inc. (BOL-X), which has plans for exploration in the Ring of Fire area of Northern Ontario and projects at Lac Surprise and Lac Grasset in Quebec, said it has brokered a private placement of up to 10-million units at 5 cents each to raise up to $500,000. The offering is being led by IBK Capital Corp. Proceeds from the offering will be used for general working capital and to advance the company's exploration projects, it said.