Bolt Metals Expands Private Placement to $6 Million

Bolt Metals Corp., a mineral acquisition and exploration company, has announced an increase in its non-brokered private placement. Initially set at $4 million, the offering is now expanded to $6 million due to high investor interest. The placement includes up to 19,354,838 special warrants at $0.31 each.

Special warrants will convert into units comprising one common share and one share purchase warrant. These warrants allow for additional share purchases at $0.41 within two years, subject to conditions that prevent exceeding a ten percent stake.

The funds raised will support Bolt's exploration activities and operational costs. The company awaits necessary approvals and exemptions under Canadian securities law. The offering includes a potential finder's fee as per Canadian Securities Exchange guidelines.