- Bold Ventures (BOL) has terminated its critical minerals flow-through units private placement (CMFT units) and its concurrent WC units private placement
- The company says that this was as a result of the recent market-wide deterioration over the past month
- Bold Ventures received gross proceeds of $105,750, made up of 705,000 CMFT units
- Each CMFT unit was priced at $0.15 and consisted of one common share and one-half of a share purchase warrant
- Bold Ventures Inc. explores for precious, battery and critical metals in Canada
- Bold Ventures Inc. was unchanged at $0.095 at 11:09 AM ET
Bold Ventures (BOL) has terminated its critical minerals flow-through units private placement (CMFT units) and its concurrent WC units private placement.
The company says that this was as a result of the recent market-wide deterioration over the past month.
Bold Ventures received gross proceeds of $105,750, made up of 705,000 CMFT units.
Each CMFT unit was priced at $0.15 and consisted of one common share and one-half of a share purchase warrant.
When combined with the existing flow-through write-off of 100 per cent of Canada Revenue Agency qualified Canadian Exploration Expenses (CEE), the Critical Mineral Exploration Tax Credit provides an extra 30 per cent tax credit.
The proceeds from the sale of the CMFT units are being used to explore the Farwell and Burchell Gold-Copper projects.
Bold Ventures management believe that the company’s suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand.
The company’s target commodities are made up of copper (Cu), nickel (Ni), Lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr).
Bold Ventures Inc. explores for precious, battery and critical metals in Canada.
Bold Ventures Inc. was unchanged at $0.095 at 11:09 AM ET.
