Bolt Metals Announces Closing of Fully Subscribed Private Placement

Core Viewpoint - Bolt Metals Corp. has successfully closed a fully subscribed private placement, raising gross proceeds of $6,000,000 through the issuance of special warrants, which will convert into units of the company [1] Group 1: Private Placement Details - The private placement involved the issuance of 19,354,838 special warrants at a price of $0.31 each [1] - Each special warrant will automatically convert into one unit, which consists of one common share and one common share purchase warrant, upon the earlier of filing a prospectus supplement or four months and one day after the closing [1] - The warrants are exercisable into additional shares at an exercise price of $0.41 until February 23, 2028 [1] Group 2: Use of Proceeds - The proceeds from the offering will be utilized for ongoing exploration activities and general working capital [1] Group 3: Fees and Warrants - The company paid cash finder's fees of $167,227.75 and issued 539,428 broker warrants, which can also be exercised into shares at an exercise price of $0.41 until February 23, 2027 [1] Group 4: Company Overview - Bolt Metals Corp. is focused on the acquisition and exploration of mineral properties in North America, particularly those with high potential for precious and base metals [1]