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Bold Ventures Inc (2)
Symbol BOL
Shares Issued 98,005,651
Close 2026-04-02 C$ 0.08
Market Cap C$ 7,840,452
Recent Sedar+ Documents

Bold Ventures closes $604,200 private placement

2026-04-02 17:56 ET - News Release

Mr. Bruce MacLachlan reports

BOLD VENTURES CLOSES $604,200 NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Bold Ventures Inc. has closed a non-brokered private placement offering of the company for 5,035,000 flow-through (FT) shares at a price of 12 cents per FT share. The offering was fully subscribed for gross proceeds of $604,200.

The company paid a cash finder's fee of $48,336 to an eligible finder and issued 402,800 compensation warrants to an eligible finder. Each compensation warrant entitles the holder to acquire one common share of the company at 12 cents until April 1, 2028.

All securities issued pursuant to the offering are subject to a hold period expiring on Aug. 2, 2026.

The offering

The gross proceeds from the offering will be used for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), which qualify as a flow-through critical mineral mining expenditure for purposes of the tax act, related to the exploration program of the company to be conducted on the company's properties located in Ontario and Quebec, with $504,000 allocated to the company's properties in Ontario and $100,200 allocated to the company's property in Quebec. The company will renounce such Canadian exploration expenses with an effective date of no later than Dec. 31, 2026.

Bruce MacLachlan, president and chief operating officer of Bold Ventures, stated: "We thank our new investors for their participation in the company, as well as our existing shareholders for their continued support. We look forward to sharing the results of our ongoing drilling programs in the coming weeks and months."

Bold Ventures management believes our suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand. The company's target commodities comprise: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr). The critical metals list and a description of the provincial and federal electrification plans are posted on the Bold website.

About Bold Ventures Inc.

The company explores for precious, battery and critical metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

We seek Safe Harbor.

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