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Bolt Metals Closes Second Tranche of LIFE Offering and Completes Unit Private Placement
Thenewswireยท 2025-11-29 00:45
Core Viewpoint - Bolt Metals Corp. has successfully closed the second tranche of its non-brokered LIFE Offering and its Unit Offering, raising a total of $3,500,000 for general working capital and corporate purposes [1][5]. Group 1: LIFE Offering - The second tranche of the LIFE Offering involved the issuance of 350,000 units at a price of $0.20, generating gross proceeds of $70,000 [2]. - Each LIFE Unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire an additional common share at $0.40 for 24 months [2]. - The first tranche of the LIFE Offering raised gross proceeds of $430,000, contributing to the total amount raised [5]. Group 2: Unit Offering - The Unit Offering resulted in the issuance of 15,000,000 units at a price of $0.20 per unit, totaling gross proceeds of $3,000,000 [3]. - Each Unit includes one common share and one common share purchase warrant, with the warrant exercisable at $0.40 for 36 months [3]. Group 3: Finder's Fees - In connection with both offerings, the Company paid a total of $129,540 in cash finder's fees and issued 641,500 finder's warrants, each exercisable at $0.20 for 24 months [4]. Group 4: Company Overview - Bolt Metals Corp. is focused on the acquisition and exploration of mineral properties, particularly in precious and base metals, with an emphasis on drill-ready projects that have high upside potential [6]. - The Company trades on multiple exchanges, including the CSE under the symbol BOLT and the OTC under the symbol PCRCF [6].