Bold Ventures Inc. announce a non-brokered private placement of up to 5,000,000 working capital units at an issue price of CAD 0.06 per WC Unit for the gross proceeds of CAD 300,000 and up to 8,000,000 flow through qualified units at an issue price of CAD 0.08 per unit for the gross proceeds of CAD 640,000; aggregate gross proceeds of CAD 940,000 on June 1, 2023. Each WC Unit is comprised of a share and a warrant. Each warrant and CAD 0.10 can acquire an additional common share of Bold and may be exercised for a period of two years after which the warrant expires. Each FT Unit is priced at CAD 0.08. Each FT Unit consists of a share and one-half warrant. A full warrant and CAD 0.12 can acquire an additional common share for a period of two years after which the warrant expires. The private placement will remain open until the earlier of June 30, 2023 and when fully subscribed.

On the same date, the company announced that it has issued 388,000 FT Units and 383,333 WC Units for gross proceeds of CAD 54,039.98 in the first tranche. The securities issued are subject to a hold period expiring on October 1, 2023. One insider subscribed for 250,000 WC Units for proceeds of CAD15,000.