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Bold Ventures Inc V.BOL

Alternate Symbol(s):  BVLDF

Bold Ventures Inc. is a Canadian exploration company. The Company explores precious, battery and critical metals in Canada. It is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Its projects include Burchell Project, Farwell Project, Koper Lake Project, Ring of Fire Project, Traxxin Project and Wilcorp Gold. Its Burchell Gold-Base Metal Project claims are located approximately 105 kilometers (km) west of the port city of Thunder Bay in the south-central portion of Northwestern Ontario. Its Farwell Property is located in the east Lake Superior region of Northeastern Ontario approximately 55 km northwest of Wawa. Its Koper Lake Project consists of four claims totaling 64 units comprising approximately 1024 hectares. Its Ring of Fire property is located in McFaulds Lake, Kenora District Ontario. The Traxxin Gold Project is located to the south and contiguous with the Traxxin Extension Gold Project claims.


TSXV:BOL - Post by User

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Post by tickerhiton Aug 10, 2020 10:48am
145 Views
Post# 31387208

Bold Ventures Settles Debt

Bold Ventures Settles Debt
 
2020-08-10 08:11:43 AM ET (ACCESSWIRE)
   
   

TORONTO, ON / ACCESSWIRE / August 10, 2020 / Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") wishes to announce that, further to its Press Release of July 21, 2020, it has received regulatory approval to settle an aggregate of $85,028.38 of debt owed to two (2) insiders of the Company in consideration for the issuance of 1,700,567 common shares of the Company at a price of $0.05 per share. One of the insiders released the Company from a debt totaling $22,500.00 for no consideration. The debt settlement eliminates an aggregate of $107,528.38 of debt of the Company as at June 30, 2020. The securities issued for the settlement of debt are legended and restricted from trading until December 8, 2020.

The insider debt settlements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 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 insiders does not exceed 25% of its market capitalization.

Please visit the Bold website at www.boldventuresinc.com and see our recent news and project information.

About Bold Ventures Inc.

The Company explores for Base and Precious metals in Canada. Bold has the option to earn a 100% interest in the Farwell Gold and Base Metals project located approx. 55km northwest of Wawa, Ontario. Bold also has the option to earn a 100% interest in the Wilcorp gold property located approximately 14 km east of the town of Atikokan in Northwestern Ontario. Bold and its joint venture partner have an option to acquire a 100% interest in the Traxxin Gold Project located 130 km west of Thunder Bay, Ontario. The Company and its subsidiary Rencore Resources Ltd. have extensive holdings in and around the Ring of Fire area of the James Bay Lowlands.

For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

"David B Graham"David GrahamPresident and CEO

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.

SOURCE: Bold Ventures Inc.


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