Bolt Metals Completes Share Consolidation
Bolt Metals Completes Share Consolidation
Vancouver, B.C. – March 3, 2023 – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT:
A2QEUB) (OTCQB: PCRCF) announces it has implemented a consolidation (the "Consolidation") of its
issued share capital on the basis of one (1) new common share for every ten (10) currently outstanding
common shares. Trading of the common shares on a post-Consolidation basis on the Canadian Securities
Exchange and OTCQB will commence at market open on March 6, 2023.
Immediately prior to the Consolidation, the Company had 14,981,415 issued and outstanding common
shares, immediately following the Consolidation 1,498,122 common shares were issued and outstanding.
No fractional shares were issued, any fractional interest in common shares resulting from the
Consolidation, were rounded down to the nearest whole common share. Outstanding common share
purchase warrants were also adjusted by the Consolidation ratio and the respective exercise prices
adjusted accordingly.
Registered shareholders that hold certificated shares, will receive a letter of transmittal from the
Company’s transfer agent, Computershare Investor Services Inc., with instructions for exchanging their
pre-Consolidation shares. Shareholders who hold their shares via DRS, through a broker or other
intermediary and do not have shares registered in their name, will not need to complete a letter of
transmittal.
The Company name and symbol were not changed in connection with the Consolidation.
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 contains statements that constitute "forward -looking statements." Such forward-
looking statements involve known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements, or developments in the industry to differ
materially from the anticipated results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements are statements that are not historical
facts and are generally, but not alwa ys, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur. Forward -looking statements are
necessarily based upon a number of estimates and assumptions that, while considered reasonable
by management of the Company at this time, are inherently subject to significant business,
economic and competitive risks, uncertainties and contingencies tha t could cause actual results to
differ materially from those expressed or implied in such statements. Investors are cautioned not
to put undue reliance on forward-looking statements. Applicable risks and uncertainties include,
but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks,
concentration risks, operating history, competition, the risks associated with international and
foreign operations and the other risks identified in other disclosure documents availabl e on the
Company's profile on SEDAR at www.sedar.com. The Company is not under any obligation, and
expressly disclaims any intention or obligation, to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this news release.