Bolt Metals Announces Closing of $231,000 Private Placement
NEWS RELEASE
BOLT METALS ANNOUNCES CLOSING OF $231,000
PRIVATE PLACEMENT
Vancouver, British Columbia / April 22, 2024 – Bolt Metals Corp. (“Bolt Metals” or the
“Company”) (CSE: BOLT), is pleased to announce that the Company has completed its previously
announced non-brokered private placement (“Private Placement”) of units (“Units”) for gross
proceeds of C$231,000 through the sale of 1,100,000 Units at a price of C$0.21 per Unit.
Each Unit is comprised of one common share in the capital of the Company (a “Common Share”)
and one transferrable common share purchase warrant (each a “Warrant”). Each Warrant will be
exercisable into one Common Share at a price of C$0.50 per share for two (2) years from the date of
issue.
The proceeds from the first tranche of the Private Placement are intended to be used for general
working capital purposes. All securities issued pursuant to the Private Placement will be subject to a
four month and one day hold period from the date of issue pursuant to National Instrument 45-105 –
Prospectus Exemptions. Finders’ fees will not be paid in accordance with the Private Placement.
About Bolt Metals
Bolt Metals is a Canadian-based exploration company focused on the acquisition and development
of production-grade battery metals projects within the Asia-Pacific region, employing a vertically
integrated minerals-to-market strategy to leverage these assets to their fullest.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer Ranjeet Sundher
Head Office Suite 300, Bellevue Centre, 235 – 15th Street, West Vancouver, BC
V7T 2X1
Telephone +1 (604) 922-8272
Email [email protected]
The CSE and Information Service Provider have not reviewed and does not accept responsibility for
the accuracy or adequacy of this release.
Forward-Looking Information
Certain information in this news release may constitute "forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements
of the Corporation or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward looking information. When used in this news release, this information may include
words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information
reflects current expectations regarding future events and operating performance and speaks only as of the date of this news
release.
Forward-looking statements in this news release may include, but are not limited to, the future plans of the Company, the
Private Placement, business plans, objectives and strategy.
Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or
circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be
found on SEDAR+ at www.sedarplus.ca.