The TSX Venture Exchange has accepted for filing documentation with respect to an amendment to an option agreement dated July 24, 2020, between Bold Ventures Inc. and an arm's-length party. Pursuant to the amendment, the company will continue to have the option to acquire a 100-per-cent interest in the Traxxin gold project, located 130 kilometres west of Thunder Bay, Ont.

Pursuant to the amendment, the company must now pay the optionor by the extended date of Aug. 23, 2024: (i) an aggregate of $130,000 in cash (reduced by $20,000); (ii) issue aggregate of 1.7 million common shares (increased by 700,000 shares); and (iii) incur $250,000 of exploration expenditures (already satisfied), to earn a 100-per-cent interest. On exercise of the option, the optionor will retain a 2-per-cent net smelter royalty (NSR) on the property, of which the company has the right to buy-back half of such NSR granted (1 per cent) for $1-million cash payment.

All other terms under the original agreement remain unchanged.

For further information, please refer to the exchange bulletin dated Aug. 19, 2020, and the company's news releases dated Sept. 13, 2023, Aug. 24, 2020, July 31, 2020, and June 18, 2020.