Bold Ventures arranges FT, NFT private placement

2008-07-29 17:34 ET - News Release

Mr. William Schmidt reports

BOLD VENTURES INC. ANNOUNCES FINANCING, IN PART WITH MINERALFIELDS GROUP

Bold Ventures Inc. has arranged a non-brokered private placement of up to two million flow-through units (each unit consisting of one share and one-half warrant) at a price of 35 cents per unit and one million non-flow-through units at a price of 30 cents per unit. Each warrant will be exercisable for a period of 18 months from the closing of the private placement at a price of 40 cents per share.

The company shall issue a finder's fee payable in cash equal to 8 per cent of the gross proceeds received by the company and a finder's option on the same terms as the subscriber's units equal to 10 per cent of the number of units sold to investors. The MineralFields Group will be participating in respect to 1.2 million flow-through units.

"We are very pleased to be entering into this relationship with the MineralFields Group," says Gary Zak, the president of the company. "This is a corporate milestone in the progress of Bold Ventures Inc. and we look forward to working with MineralFields Group as we develop our holdings in B.C. and Ontario."