Bolt Metals Corp. announced a non-brokered private placement of up to 1,100,000 units at a price of CAD 0.21 per unit for gross proceeds of up to CAD 231,000 on April 15, 2024. Each unit comprises one common share in the capital of the company and one transferable common share purchase warrant.

Each warrant entitles the holder to acquire one common share at CAD 0.50 for two years from the date of issuance. In connection with the offering, the company may pay finders' fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange, being 7% cash commission on total proceeds raised by the finder. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange, and applicable Canadian securities laws.