Bolt Metals closes $600,399 private placement

Executive Summary

• Bolt Metals Corp. closed a non‑brokered private placement of 46,184,614 common shares at C$0.013 per share, generating gross proceeds of $600,399.98.
• The securities are subject to a statutory hold period of four months and one day and resale restrictions under Canadian law.
• Net proceeds will be applied to general working capital needs.

Key Details

• Shares Issued: 46,184,614 common shares.
• Price per Share: C$0.013 (1.3 cents).
• Gross Proceeds: $600,399.98.
• Statutory Hold Period: Four months and one day from issuance date.
• Resale Restrictions: Subject to applicable Canadian securities laws and CSX policies.
• Use of Proceeds: General working capital.
• Finder’s Fees: None paid.
• Insider Participation: No insider participation occurred or was anticipated.

Notable Quotes

(No executive quotes were provided in the release.)