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Bolt Metals Announces Upsize Non-Brokered Private Placement to $6,000,000
VANCOUVER, BC / ACCESS Newswire / January 9, 2026 / Bolt Metals Corp. ("Bolt" or the "Compa...
About this update from Usha Resources Ltd
[{"type":"text","content":"Bolt Metals Announces Upsize Non-Brokered Private Placement to $6,000,000VANCOUVER, BC / ACCESS Newswire / January 9, 2026 / Bolt Metals Corp. (\"Bolt\" or the \"Company\") (TSXV:BOLT)(OTC:PCRCF)(FSE:A3D8AK), a North American mineral acquisition and exploration company, is pleased to announce that further to the Company's news release disseminated on December 1, 2025, announcing a non-brokered private placement of up to 12,903,225 special warrants of the Company (each, a \"Special Warrant\") at a price of $0.31 per special warrant for aggregate gross proceeds of up to $4,000,000 (the \"Offering\"), the Company has received significant interest in the Offering. As a result of this interest, the Company intends to upsize the Offering up to 19,354,838special warrants at a price of $0.31 per special warrant, for aggregate gross proceeds from up to $4,000,000 to up to $6,000,000.Each Special Warrant will automatically convert, for no additional consideration, into one unit of the Company (each a \"Unit\") on the date that is the earlier of: (i) the date that is three business days following the date on which the Company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the Units underlying the Special Warrants (the \"Prospectus Supplement\"), and (ii) the date that is four months and one day after the closing of the Offering.Each Unit will be comprised of one common share of the Company (each, a \"Share\") and one share purchase warrant (each, a \"Warrant\") of the Company, with each Warrant exercisable into one additional Share at an exercise price of $0.41 for two (2) years from the date of closing.The Warrants will be subject to ten percent blocker provision that restrict the exercise of any Warrants, in the event that such exercise would result in the applicable securityholder holding ten percent or more of the issued and outstanding Shares at such time.The Company will use the net proceeds from the Offering for operations and administrative costs. The Company intends to use the proceeds raised from the Offering for ongoing exploration activities and general working capital. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange (the \"CSE\...