| Home : June 2011 : June 01, 2011 News : Bold Ventures Inc. Announces Execution of $2.5 Million Option Agreement With Dundee Corporation Subsidiary and Closing of $2.2 Million Private Placement |
Bold Ventures Inc. Announces Execution of $2.5 Million Option Agreement With Dundee Corporation Subsidiary and Closing of $2.2 Million Private Placement |
June 01, 2011
TORONTO, ONTARIO--(Marketwire - May 31, 2011) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to announce that, further to its press release of April 12, 2011, Dundee Corporation ("Dundee") has made an equity investment of $1,000,000 (see below) in the Company and through a wholly-owned subsidiary ("Subco") has signed an Option Agreement to earn a 33-1/3% interest in Bold's Ring of Fire activities around the area of Bold's current Ring of Fire claims in Ontario (the "Bold ROF Project") by funding $2.5 million of exploration work. Once Subco earns its 33-1/3% interest, a joint venture will be formed between Subco and Bold.
http://www.marketwire.com/mw/release.do?id=1520914&sourceType=3
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