BOLT:CC - Bolt Metals Announces Consolidation Of Common Shares
(TheNewswire)
Vancouver, British Columbia – October 15, 2025 – TheNewswire - Bolt MetalsCorp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTCQB: PCRCF)(FSE: A3D8AK) , is pleased to announce that itwill consolidate its issued and outstanding common shares (the“ Shares ”) on the basis of one (1) new common share for everytwenty-five (25) existing common shares (the “ Consolidation ”).The Company believes the Consolidation will help position Bolt toappeal to a broader base of investors and enhance its capital marketsprofile.
The Consolidation received shareholder approval at theCompany’s annual general and special meeting held on August 7, 2025,and was subsequently approved by the Board of Directors on October 8,2025. The record date for the Consolidation has been set as October23, 2025, with trading of the post-consolidation shares expected tobegin on or about October 23, 2025, subject to final acceptance by theCanadian Securities Exchange (the “ CSE ”). Followingthe Consolidation, the Company’s name and ticker symbol will remainunchanged, while its new CUSIP and ISIN numbers will be 097692404 andCA0976924047, respectively.
As of the date of this news release, Bolt has109,459,708 common shares issued and outstanding. Upon completion ofthe Consolidation, the Company will have approximately 4,378,388common shares outstanding, subject to rounding. No fractional shareswill be issued; any resulting fractional share will be rounded down tothe nearest whole share.
The exercise or conversion terms of all outstandingwarrants, stock options, and other convertible securities will beproportionally adjusted to reflect the Consolidation ratio.
A letter of transmittal will be provided to registeredshareholders holding certificates or direct registration statements(“ DRS ”) outlining the process for exchanging theirpre-Consolidation shares for post-Consolidation shares. Shareholderswho hold their shares through a broker or other intermediary will havetheir accounts automatically updated in accordance with theintermediary’s procedures.
Property Portfolio Update
The Company also advises that it no longer holds anyownership or operational rights in the Silver Switchback Copper-SilverProperty located in British Columbia, Canada, the Soap Gulch CopperProject located in Montana, USA, or the New Britain Antimony Propertylocated in British Columbia, Canada. These properties were previouslyacquired, optioned or staked in 2024; however, the Company has sincerelinquished, terminated, or otherwise disposed of its interests inthese assets as part of an ongoing strategic review of its projectportfolio and capital allocation priorities.
Restricted Share Units
Additionally, the Company has granted 19,000,000Restricted Share Units (“ RSUs ”) to certain consultants of the Companypursuant to its Equity Incentive Plan, dated May 3, 2024, and adoptedby the shareholders on June 18, 2024. The RSUs are subject to thestandard four (4) month and one (1) day hold period.
About Bolt Metals Corp.
Bolt Metals Corp. is a North American mineralacquisition and exploration company focused on the development ofquality precious and base metal properties that are drill-ready withhigh-upside and expansion potential. Bolt trades on the CSE Exchangeunder the symbol BOLT, the OTCQB Exchange under the symbol PCRFC andin Germany under the WKN A3D8AK.
Bolt Metals Corp.
Zachary Kotowych – CEO and Director
1-800-614-BOLT (2658)
Reader Advisory
This news release contains statements that constitute“forward-looking information” within the meaning of applicableCanadian securities laws. The words “may”, “could”,“will”, “intend”, “plan”, “anticipate”, “believe”,“estimate”, “expect”, and similar expressions are intended toidentify forward-looking information. Forward-looking information inthis news release includes, but is not limited to, statementsregarding the completion of the share consolidation, the expectedeffective date and record date of the consolidation, the commencementof trading of the post-consolidation shares, the receipt of finalapproval from the CSE, the potential effects of the consolidation onthe Company’s capital structure and investor appeal, the grant andvesting of RSUs pursuant to the Company’s Equity Incentive Plan, andthe Company’s ongoing strategic review and evaluation of futureproject or corporate opportunities following the relinquishment of theSilver Switchback, Soap Gulch, and New Britain properties.Forward-looking information is based on a number of assumptions thatmanagement believes to be reasonable at the time such statements aremade, including assumptions regarding the timely receipt of allrequired regulatory approvals, market conditions, the Company’sability to complete the consolidation as planned, the continuedservices of consultants receiving RSUs, and the Company’s ability toidentify and evaluate new opportunities that align with its strategicobjectives. Forward-looking information is subject to known andunknown risks, uncertainties, and other factors that may cause actualresults to differ materially from those expressed or implied by suchforward-looking information. Such risks include, but are not limitedto, the risk that required approvals may not be obtained on the termsanticipated or at all, the risk that the consolidation or RSU grantsmay not be completed as planned or may have unintended consequences,the risk that the Company may not be successful in identifying orcompleting future opportunities, and general business, economic,competitive, political, and social uncertainties, market volatility,and other risks described in the Company’s public filings availableunder its profile on SEDAR+. Readers are cautioned not to place unduereliance on forward-looking information. Except as required byapplicable securities laws, the Company undertakes no obligation toupdate or revise any forward-looking information, whether as a resultof new information, future events, or otherwise.
The Canadian Securities Exchange has not approved ordisapproved this news release.
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