Bolt Metals Finalizes Debt Settlement Agreements
Vancouver, British Columbia -- February 20, 2025 -- NewsGenie -- Bolt Metals Corp. (TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK) has completed its debt settlement agreements, resolving outstanding debts of CAD $163,898.02 with two arm's length creditors. The company issued 3,277,960 units at CAD $0.05 per unit to settle the debts. Each unit includes one common share and one warrant, with each warrant exercisable for a common share at CAD $0.05 for two years. All securities issued are subject to a four-month hold period, as per National Instrument 45-106.
Bolt Metals' board of directors stated that the debt settlement was in the company's best interest, preserving cash for working capital. Bolt Metals is focused on acquiring and exploring quality precious and base metal properties in North America. Their portfolio includes 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.