Bold Ventures Inc. announced a non-brokered private placement of up to 4,000,000 critical mineral flow through units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 600,000; and up to 4,000,000 working capital units at a price of CAD 0.11 per unit for gross proceeds of up to CAD 440,000; for aggregate gross proceeds of up to CAD 1,040,000 on June 15, 2022. Each critical mineral flow through unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.25 per warrant share until 24 months following the closing of the transaction.

Each working capital unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.15 per warrant share until 24 months following the closing of the transaction. The company may pay a fee in cash, shares or warrants to eligible finders.

All securities issued are subject to a statutory four month hold period. The transaction is scheduled to close before the end of June and is subject to certain conditions including, but not limited to, TSX Venture Exchange approval.