Bold Ventures Pays Finders' Fee in Respect of Ring of Fire Properties & Commences Drilling at Koper Lake
21 Marzo 2013 - 1:00PM
Marketwired Canada
Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold Ventures" or the "Company") wishes
to advise that it has settled $29,269.10 relating to a finders' fee through the
issuance of 80,000 common shares valued at $0.12 per share and 327,820 warrants
to purchase common shares at $0.12 per share until March 18, 2015. The common
shares and warrants (and any common shares issue on the exercise of the
warrants) are subject to a re-sale restriction until July 19, 2013. The finders'
fee was paid to IBK Capital Corp. and Dundee Securities Ltd. as a result of the
expenditure by 2282726 Ontario Ltd., a subsidiary of Dundee Corporation, in the
aggregate amount of $1,463,458 on the Company's properties in the Ring of Fire.
Please refer to the press releases issued by the Company on May 31, 2011 and May
28, 2012 for further particulars.
The Company is also pleased to announce that the drilling has commenced at the
Koper Lake Project in the James Bay Lowlands of Northern Ontario. For more
information, news and a description of this project please visit our web site at
www.boldventuresinc.com.
On behalf of the board of directors of Bold Ventures Inc.
Richard E. Nemis, President and Chief Executive Officer
For more information, please visit www.boldventuresinc.com.
Cautionary Note Regarding 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416-864-1456
www.boldventuresinc.com
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