Bolt Metals Settles Debts with Unit Issuance
Vancouver, British Columbia -- February 12, 2025 -- NewsGenie -- Bolt Metals Corp. (TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK) has announced debt settlement agreements to clear CAD $163,898.02 in outstanding debts with two arm's length creditors. The company will issue 3,277,960 units at CAD $0.05 each. Each unit comprises one common share and one warrant, exercisable for a common share at CAD $0.05 for two years. Securities issued will be subject to a four-month hold period, as per National Instrument 45-106.
Bolt Metals' board decided the debt settlement would preserve cash for working capital.
Bolt Metals Corp., based in Vancouver, BC, focuses on acquiring and exploring precious and base metal properties in North America, including the Soap Gulch copper project in Montana and the Switchback copper-silver project in British Columbia.
Branden Haynes, Director and CEO, can be reached at (604) 817-1595 or info@boltmetals.com.
Disclaimer: This release contains forward-looking statements involving risks and uncertainties.