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Bold Ventures Pays Finders' Fee in Respect of Ring of Fire Properties & Commences Drilling at Koper Lake

Mar 21 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwire) -- 03/21/13 -- 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.

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.



Contacts:
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416-864-1456
www.boldventuresinc.com





Source: Marketwire


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