Bold Ventures Announces Third Tranche Completion and Extension of Private Placement

Bold Ventures Inc. (TSXV:BOL) has announced the completion of the third tranche of its non-brokered private placement, involving the placement of 737,500 WC Units for gross proceeds of $29,500. This brings the total funds raised to $224,200 through 5,205,000 WC Units and 320,000 FT Units. The private placement aims to raise up to $920,000 through the sale of WC and FT Units.

The WC Units include one Common Share and one Common Share purchase warrant, while the FT Units offer one flow-through common share and one-half a common share purchase warrant. The securities from the third tranche are subject to a hold period until January 19, 2024.

Bold Ventures has extended the offering to allow for additional subscriptions, now set to close by October 18, 2024. Proceeds will be used for working capital, exploration, and property maintenance and acquisitions. Additionally, two insiders subscribed for 1,000,000 FT Units, raising $50,000.