Bold Ventures Inc. (TSXV:BOL) announced the closing of a non-brokered private placement of 4,000,000 working capital units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 from new investor Lac des Mille Lacs First Nation, Endowment Arm on January 29, 2018. Each working capital unit consists of one common share and one share purchase warrant. Each working capital warrant entitles the holder to acquire one common share at a price of CAD 0.05 until January 26, 2023. The securities issued are subject to a hold period expiring on May 27, 2018.