Bolt Metals Initiates Executive Debt Settlement
Company Announcements

Bolt Metals Initiates Executive Debt Settlement

Bolt Metals (TSE:BOLT) has released an update.

Bolt Metals Corp. has announced plans to issue over 1.9 million common shares to settle an accumulated debt of approximately $629,202.82 owed to its top executives for management and consulting fees over four years. The settlement is pending necessary approvals, including possibly from the Canadian Securities Exchange and the company’s board, and will be subject to a four-month holding period. This move aims to improve Bolt Metals’ financial position and is considered a ‘related party transaction’, subject to specific regulatory exemptions due to the company’s financial state.

For further insights into TSE:BOLT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskBolt Metals Announces Share Split and Trading Update
TipRanks Canadian Auto-Generated NewsdeskBolt Metals Announces Share Split and New Director
TipRanks Canadian Auto-Generated NewsdeskBolt Metals Completes Successful Private Placement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App