Business
Bolt Metals Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Bolt Metals Corp. (CSE: BOLT)...
About this update from Bolt Metals Corp.
[{"type":"text","content":"Bolt Metals Announces Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Bolt Metals Corp. (CSE: BOLT) (FSE: A2QEUB) (OTCQB: PCRCF) (\"Bolt\" or the \"Company\") announces it intends to consolidate the Company's issued share capital on a ratio of one (1) new post-consolidated common share for every ten (10) old pre-consolidated common shares (the \"Consolidation\"). The Company currently has 14,981,415 issued and outstanding common shares and on completion of the Consolidation there is expected to be 1,498,141 issued and outstanding common shares, no fractional shares will be issued. Any fractional interest in shares resulting from the Consolidation, will be rounded down to the nearest whole share. Outstanding common share purchase warrants will also be adjusted by the Consolidation ratio and the respective exercise prices will be adjusted accordingly.Registered shareholders will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions for exchanging their pre‐consolidated shares. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name, will not need to complete a letter of transmittal. The Company name and symbol will not be changed in connection with the Consolidation. Shareholder approval of the Consolidation is not required under the policies of the Canadian Securities Exchange nor under the Articles of the Company. The Board of Directors determined the Consolidation was necessary in order for the Company to raise additional capital and seek new business opportunities and approved the Consolidation on February 24, 2023. The Company expects trading of the common shares on a post-Consolidation basis on the Canadian Securities Exchange and OTCQB to commence on or around market open on March 6, 2023. About Bolt Metals Bolt Metals is a Canadian‐based exploration company focused on the acquisition and development of production grade nickel and cobalt deposits, key raw material inputs for the growing lithium‐ion battery industry. Visit https://boltmetals.com/ to find out more.Bolt Metals Corp.Ranjeet Sundher - President and CEO(604) 922‐[email protected] Vanry - CFO & Director(604) 922‐[email protected]...