Bolt Metals (TSE:BOLT) has released an update.
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Bolt Metals Corp. is issuing 875,000 common shares at $0.25 each to settle a $218,750 debt accrued by its President, CEO, and Director over four years. This debt settlement is intended to improve the company’s financial position and is pending necessary approvals, including potentially from the Canadian Securities Exchange.
For further insights into TSE:BOLT stock, check out TipRanks’ Stock Analysis page.