Bolt Metals (TSE:BOLT) has released an update.
Bolt Metals Corp. successfully completed an upsized, non-brokered private placement, raising C$803,750 by selling over 3 million Units at C$0.25 each, due to increased investor interest. The funds raised will be directed towards exploration, working capital, and general corporate expenses. Each Unit consists of a common share and a half warrant, with full warrants allowing the purchase of additional shares at C$0.50 over the next two years.
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