Bold Ventures Inc. Increases Brokered Private Placement
June 27 2014 - 5:10PM
Marketwired Canada
Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") wishes to
announce that further to its June 17, 2014 press release, it has amended the
brokered private placement (the "Offering") to offer up to a further 1,230,769
flow-through units (the "FT Units") of the Company at $0.065 per FT Unit for a
further $80,000. The Offering now comprises up to 8,923,077 FT Units and up to
3,846,154 working capital units (the "WC Units") for an aggregate Offering of up
to $830,000. The Offering is being led on a best efforts basis by IBK Capital
Corp. (the "Agent"). The price and terms of the FT Units and WC Units remain the
same.
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.
Insiders of the Company will subscribe for $80,000 of FT Units. The insider
private placements are exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue
of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that
the fair market value of the consideration for the securities of the Company to
be issued to the insiders does not exceed 25% of its market capitalization.
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.
Richard E. Nemis
President and Chief Executive Officer
416-864-1456
Bold Ventures (TSXV:BOL)
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