Bolt Metals Corp. announced a non-brokered private placement of 714,286 units at a price of CAD 0.35 per unit for gross proceeds of CAD 250,000 on May 12, 2023. Each unit consists of one common share and one common share purchase warrant.

Each warrant will entitle the holder to purchase a common share at a price of CAD 0.50 per share for two years from the date of issuance. The company paid finder's fee of 7% in cash. All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws, except for those issued to investors in foreign jurisdictions.