Bolt Metals Announces Debt Settlement
Bolt Metals Announces Debt Settlement
Vancouver, British Columbia – June 3, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”)
(TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK), announces it has entered into a debt settlement
agreement (the “Settlement Agreement”) to settle an outstanding debt owed to an arm’s length
creditor (the “Creditor”) totaling CAD $33,500.00 (the “Debt Settlement”). Pursuant to the Settlement
Agreements, the Company has agreed to issue an aggregate of 3,722,222 common shares in the
capital of the Company (the “Shares”) at a deemed price of CAD $0.009 per Share. The Shares issued
pursuant to the Settlement Agreement will be subject to a four month and one day hold period,
pursuant to National Instrument 45-106 – Prospectus Exemptions.
The board of directors of the Company determined that it is in the best interests of the Company to
complete the Debt Settlement in order to preserve the Company's cash for working capital.
About Bolt Metals Corp.
Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on the
development of quality precious and base metal properties that are drill-ready with high-upside and
expansion potential. Based in Vancouver, BC, Bolt’s portfolio of strategic properties provides target-
rich diversification and also include Soap Gulch, a copper SEDEX project in Montana, and Switchback,
a copper-silver project located in British Columbia. Bolt trades on the CSE Exchange under the symbol
BOLT , the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.
Bolt Metals Corp.
Branden Haynes – Director and CEO
604-922-8272
Reader Advisory
This news release may contain statements which constitute “forward-looking information”. The words
“may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,
“expect”, and similar expressions, are intended to identify such forward -looking statements. Such
statements include but is not limited to, statements with respect to the completion of the Debt
Settlement, the issuance of Shares in connection with the Settlement Agreement, and the Company’s
intention to preserve cash for working capital purposes. Forward-looking information is based on a
number of factors and assumptions that management believes to be reasonable at the time such
statements are made, including, but not limited to, the timely receipt of all necessary regulatory
approvals and the Company’s ability to continue as a going concern. Forward-looking information is
subject to known and unknown risks, uncertainties, and other factors that may cause actual results or
events to differ materially from those expressed or implied by such forward-looking information. Such
risks include, without limitation: the risk that the Debt Settlement may not be completed as
contemplated or at all; regulatory or other approvals not being obtained in a timely manner, if at all;
and general business, economic, competitive, political, and social uncertainties. Readers are
cautioned not to place undue reliance on forward-looking information. The Company undertakes no
obligation to update or revise any forward-looking information, whether as a result of new information,
future events, or otherwise, except as required by law.
The Canadian Securities Exchange has not approved or disapproved this news release.