Bold Ventures Announces Closing of Third Tranche Extension of Non-Brokered Private Placement and Insider Subscriptions
Bold Ventures Inc. (Bold or the Company) is pleased to announce the successful closing of its third tranche extension of a non-brokered private placement, along with insider subscriptions. The Company continues to demonstrate its commitment to advancing its projects, and this latest funding round marks a significant milestone in its capital-raising efforts.
The private placement consisted of 2,000,000 units at a price of $0.05 per unit, raising a total of $100,000. Each unit includes one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share at a price of $0.10 for a period of two years from the closing date. The Company successfully closed the third tranche extension of this private placement, highlighting strong investor interest and confidence in Bold’s projects and potential.
Bold Ventures also received insider subscriptions as part of this financing round, further demonstrating the support and commitment of key stakeholders within the Company. The participation of insiders not only provides additional funding but also underscores their belief in the long-term prospects of Bold Ventures and its portfolio of projects.
The funds raised from this private placement will be used to support ongoing exploration and development activities across Bold’s various projects, with a particular focus on advancing key targets and unlocking the potential value of its mineral assets. This financing will enable the Company to accelerate its exploration programs, conduct additional drilling, and further delineate mineral resources in preparation for future development stages.
Bold Ventures remains committed to creating value for its shareholders and stakeholders through prudent financial management, strategic investments, and the advancement of high-potential projects. With a strong foundation in place and continued support from investors and insiders, the Company is well-positioned to capitalize on opportunities in the resource sector and drive sustained growth and success in the years ahead.