Bolt Metals Announces Closing of Non-Brokered Private Placement
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Bolt Metals Announces Closing of Non-Brokered Private Placement
Vancouver, B.C. – June 5, 2023 – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT:
A2QEUB) (OTCQB: PCRCF) announces it has closed a non-brokered private placement announced May 12,
2023, by issuing 714,928 units (each a “Unit”) at CAD$0.35 per Unit for gross proceeds of CAD$250,225
(the “Offering”). Each Unit is comprised of one (1) common share in the capital of the Company (each a
"Common Share") and one (1) transferable Common Share purchase warrant (each a “Warrant”). Each
Warrant entitles the holder to acquire one (1) Common Share at CAD$0.50 until June 5, 2025. The
Company intends to use the net proceeds from the Offering for general working capital purpos es. All
securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold
period expiring October 6, 2023, in accordance with the rules and policies of the Canadian Securities
Exchange and applicable Canadian securities laws.
About Bolt Metals
Bolt Metals is a Canadian-based exploration company focused on the acquisition and development of
production grade nickel and cobalt deposits, key raw material inputs for the growing lithium-ion battery
industry. Visit https://boltmetals.com/ to find out more.
Bolt Metals Corp.
Ranjeet Sundher – President and CEO
(604) 922-8272
Steve Vanry – CFO & Director
(604) 922-8272
Reader Advisory
This news release may contain statements which constitute “forward -looking information”, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors,
or its officers with respect to the future business activities of the Company. The words “may”, “would”,
“could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as
they relate to the Company, or its management, are intended to identify such forward-looking statements.
Forward looking statements made in this news release include the proposed use of the proceeds of the
Offering. Investors are cautioned that any such forward-looking statements are not guarantees of future
business activities and involve risks and uncertainties, and that the Company’s future business activities
may differ materially from those in the forward-looking statements as a result of various factors, including,
but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or
development programs, successes of the Company’s exploration efforts, availability of capital and
financing and general economic, market or business conditions. There can be no assurances that such
information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such
uncertainties. The Company does not assume any obligation to update any forward-looking information
except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.