Bolt Metals Announces Debt Settlements

Core Viewpoint - Bolt Metals Corp. has entered into debt settlement agreements to resolve outstanding debts totaling CAD $117,535 by issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share, aiming to preserve cash for working capital [1][2]. Group 1: Debt Settlement Details - The total outstanding debt being settled is CAD $117,535 [1]. - The company will issue 11,753,500 common shares at a price of CAD $0.01 per share as part of the settlement [1]. - All shares issued will be subject to a hold period of four months and one day [1]. Group 2: Company Strategy - The board of directors believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [2]. - The company focuses on the development of quality precious and base metal properties with high-upside and expansion potential [4]. Group 3: Company Overview - Bolt Metals Corp. is based in Vancouver, BC, and is involved in mineral acquisition and exploration [4]. - The company has strategic properties including Soap Gulch, a copper SEDEX project in Montana, and Switchback, a copper-silver project in British Columbia [4]. - Bolt trades on multiple exchanges, including the CSE under the symbol BOLT and the OTCQB under the symbol PCRCF [4].