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| Home : Bold Ventures Inc. Announces $2.5 Million Joint Venture Agreement With Dundee Resources Limited and $2 Million Private Placement |
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Apr 12
2011 |
Bold Ventures Inc. Announces $2.5 Million Joint Venture Agreement With Dundee Resources Limited and $2 Million Private Placement |
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TORONTO, ONTARIO--(Marketwire - April 12, 2011) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to announce that it has agreed in principal to the terms of an equity investment by Dundee Resources Limited ("Dundee") of approximately $1,000,000 (see below) and an earn-in joint venture agreement with Dundee on all of Bold's 100% owned claims in the Ring of Fire. Dundee will earn a 33% 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. A joint venture will be formed between Dundee and Bold giving Dundee the right to participate for up to 33% in Bold's ROF Project by funding its portion of the project's budget. |
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| Source:http://www.marketwire.com/mw/release.do?id=1426073&sourceType=3 |
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