Bolt Metals Corp. successfully completed a debt settlement, issuing common shares and warrants at a price of CAD $0.05 per Unit. The company aims to preserve its cash for working capital. Bolt Metals is a North American mineral acquisition and exploration company focused on developing high-upside precious and base metal properties.
”) at a deemed price of CAD $0.05 per Unit. Each Unit will consist of one common share of the Company , with each Warrant being exercisable for one Common Share for a period of two years, at a price of CAD $0.05. All securities issued pursuant to the Settlement Agreements will be subject to a four month and one day hold period, pursuant to National Instrument 45-106 – Prospectus Exemptions.
The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential.
Management alleged that non-executive director Dianmin Chen was working with a group of foreign-linked investors holding between 30% and 40% of shares to take control of the board.The miner reported an 838% surge in first-half profits on Thursday, driven by higher sales of aluminum and copper and strong commodity prices.
Finance BOLT Metals Corp Debt Settlement Common Shares Warrants Working Capital Mineral Exploration
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