Bolt Metals Announces Non-Brokered Private Placement

Executive Summary

• Bolt Metals Corp. announced a non‑brokered private placement of up to 46,153,846 common shares at CAD $0.013 per share, targeting gross proceeds of up to CAD $600,000.
• All shares will be subject to a four‑month plus one‑day hold period and resale restrictions under applicable securities legislation.
• Proceeds are earmarked for general working capital; the company may pay finder’s fees to qualified non‑related parties in accordance with CSE policies.

Key Details

• Offering Size: Up to 46,153,846 common shares.
• Price per Share: CAD $0.013.
• Target Gross Proceeds: CAD $600,000.
• Hold Period: Four (4) months plus one (1) day from issuance date, subject to resale rules.
• Closing Conditions: Subject to receipt of all required regulatory and other approvals; may be closed in one or more tranches.
• Use of Proceeds: General working capital for the Company.
• Finder’s Fees: May be paid to qualified non‑related parties per Canadian Securities Exchange policies.
• Insider Participation: Not anticipated at this time.

Notable Quotes

(No executive quotes were included in the release.)