Bolt Metals Closes First Tranche of LIFE Offering

Executive Summary

• Bolt Metals Corp. closed the first tranche of its non‑brokered listed issuer financing exemption offering, raising gross proceeds of $430,000.
• The company issued 2,150,000 units at $0.20 per unit; each unit includes one common share and one warrant to purchase an additional share at $0.40 for 24 months.
• Net proceeds are earmarked for general working capital and corporate purposes; cash finder’s fees of $19,800 were paid to Research Capital Corporation along with issuance of 94,500 broker warrants as compensation.

Key Details

• Offering Size: Total gross proceeds of $430,000.
• Units Issued: 2,150,000 LIFE Units at $0.20 per unit.
• Unit Composition: Each LIFE Unit = 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: Right to acquire one common share at $0.40 per share; exercisable beginning 60 days after closing, valid for 24 months.
• Use of Proceeds: General working capital and corporate purposes.
• Finder’s Fees: Cash payment of $19,800 to Research Capital Corporation.
• Broker Warrants Issued: 94,500 broker warrants granted to Research Capital Corporation as additional consideration; same terms as the primary offering warrants.

Notable Quotes

(No executive quotes were included in the release.)