Vancouver, B.C. – November 7, 2024 – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT: A3D8AK) (OTCQB: PCRCF) is pleased to provide an update on the Company’s proposed stock split announced on November 4, 2024, whereby the Company’s common shares will be split on the basis of two (2) new shares for each one (1) old share (the “Subdivison“). Each shareholder of record of the Company as of the close of business on the record date, November 13, 2024 (the “Record Date”), will receive one additional share for each share held on such date.
The Company currently has 15,690,706 issued and outstanding common shares. Upon completion of the Subdivision, there will be approximately 31,381,412 shares issued and outstanding. The Canadian Securities Exchange (the “CSE”) will publish a bulletin confirming the Subdivision for the Company in due course. The Company’s common shares will begin trading on a post-Subdivision basis on Thursday, November 14, 2024.
Shareholders do not need to take any action with respect to the Subdivision. As per CSE policy, the Subdivision is being conducted on a “push-out” basis and therefore the Company’s CUSIP number will remain the same. The Company’s transfer agent, Odyssey Trust Company, will send holders of common shares as of the Record Date a DRS advice letter in lieu of a share certificate, which will represent the additional shares resulting from the Subdivision.
Bolt Metals Corp.
Branden Haynes – Director and CEO
(604) 817-1595
info@boltmetals.com
Reader Advisory
This news release may contain statements which constitute “forward‐looking information”. The words “may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions, are intended to identify such forward‐looking statements. Such statements include, without limitation, statements relating to the Subdivision and the timing thereof. Investors are cautioned that any such forward‐looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward‐looking statements. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
The Canadian Securities Exchange has not approved or disapproved this news release.
Reproduced as filed: This news release is reproduced as originally issued. The Company currently trades on the Canadian Securities Exchange under BOLT, the OTCQB under PCRCF, and the Frankfurt Stock Exchange under A3D8AK. Refer to the Company's profile on SEDAR+ (sedarplus.ca) for current filings.
Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.
Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.