TORONTO, ONTARIO -- (Marketwired) -- 06/27/14 -- 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
Contacts:
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416-864-1456
