News Column

William F. White Announces that He Has Acquired Units of Bold Ventures Inc.

July 18, 2014

Newsfile Corp.



Toronto, Ontario--(Newsfile Corp. - July 18, 2014) - This news release is disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the “ Early Warning Report”) regarding the holdings William F. White (the “Acquiror”). The Acquiror has acquired beneficial ownership or control over 3,000,000 units ( “Units”) of Bold Ventures Inc. (the “Company”) through a private placement on July 17, 2014 (the “Offering”). Each Unit issued under the Offering consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”), which Warrant will allow the holder to acquire one additional Share of the Company (a“Warrant Share”) for a period of four years at an exercise price of $0.10 per Warrant Share.

Assuming exercise of the Warrants comprised within the Units, the Acquiror acquired ownership or control over 7.63% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror previously owned 200,000 Shares of the Company. Following closing of the Offering, the Acquiror owns 3,200,000 shares and 3,000,000 Warrants, which represent 7.89% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror and any person that may be considered to be a joint actor with the Acquiror collectively own or control 7,374,747 Shares and 8,198,430 convertible securities of the Company, which, if the convertible securities were exercised, would represent an aggregate of 18.58% of the total issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror and the joint actor have acquired the securities in the Company for investment purposes and from time to time the Acquiror and the joint actor may: (i) acquire additional securities of the Company, (ii) dispose of some or all of the existing or additional securities they hold or may hold or (iii) they may continue to hold their current position.

The issuance of this press release is not an admission that a person described herein is a joint actor with any other person named in the early warning report referred to in this press release.

To obtain a copy of the Early Warning Report filed in connection with this matter, please contact William F. White at the address below. A copy of this report will be filed on Bold’s profile on SEDAR at www.sedar.com.

For more information contact:

Mr. William F. White

1 Yonge Street, Suite 950

Toronto, Ontario

M53 1E5




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Source: Newsfile Press Release Wire


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