Business
Bolt Metals Completes Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - Bolt Metals Corp. (CSE: BOLT) (FS...
About this update from Bolt Metals Corp.
[{"type":"text","content":"Bolt Metals Completes Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - Bolt Metals Corp. (CSE: BOLT) (FSE: A2QEUB) (OTCQB: PCRCF) (\"Bolt\" or the \"Company\") announces it has implemented a consolidation (the \"Consolidation\") of its issued share capital on the basis of one (1) new common share for every ten (10) currently outstanding common shares. Trading of the common shares on a post-Consolidation basis on the Canadian Securities Exchange and OTCQB will commence at market open on March 6, 2023.Immediately prior to the Consolidation, the Company had 14,981,415 issued and outstanding common shares, immediately following the Consolidation 1,498,122 common shares were issued and outstanding. No fractional shares were issued, any fractional interest in common shares resulting from the Consolidation, were rounded down to the nearest whole common share. Outstanding common share purchase warrants were also adjusted by the Consolidation ratio and the respective exercise prices adjusted accordingly.Registered shareholders that hold certificated shares, will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions for exchanging their pre‐Consolidation shares. Shareholders who hold their shares via DRS, 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 were not changed in connection with the Consolidation. 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] AdvisoryThis news release contains statements that constitute \"forward-looking statements.\" Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievem...