PCRCF - Bolt Metals Completes Debt Settlement
(TheNewswire)
Vancouver, British Columbia – TheNewswire – June 11, 2025 – BoltMetals Corp. (“Bolt” orthe “Company”) (TSXV: BOLT) (OTCQB: PCRCF) (FSE:A3D8AK) , announces that it has completedits previously announced debt settlement agreement (the“ Settlement Agreement ”) tosettle outstanding debts owed to an arm’s length creditor (the“ Creditor ”) totaling CAD $33,500.00 (the “ Debt Settlement ”). Pursuant to the Settlement Agreement, the Company hasissued an aggregate of 3,722,222 common shares in the capital of the Company (the“ Shares ”) at a deemed price of CAD $0.009 per Share. The Sharesissued pursuant to the Settlement Agreement are subject to a fourmonth and one day hold period, pursuant to National Instrument 45-106– ProspectusExemptions .
The board of directors of the Company determined thatit was in the best interests of the Company to complete the DebtSettlement in order to preserve the Company's cash for workingcapital.
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. Based in Vancouver, BC, Bolt’sportfolio of strategic properties provides target-rich diversificationand also include Soap Gulch, a copper SEDEX project in Montana, andSwitchback, a copper-silver project located in British Columbia. Bolttrades on the CSE Exchange under the symbol BOLT, the OTCQB Exchangeunder the symbol PCRFC and in Germany under the WKN A3D8AK.
Bolt Metals Corp.
Branden Haynes – Director and CEO
604-922-8272
Reader Advisory
This news release may containstatements which constitute “forward ? looking information”. The words “may”, “potential”,“should”, “would”, “could”, “will”, “intend”,“plan”, “anticipate”, “believe”, “estimate”,“expect”, and similar expressions, are intended to identify suchforward ? looking statements. Such statements include but is not limitedto: statements with respect to the completion of the Debt Settlement,the issuance of Shares in connection with the Settlement Agreement,and the Company’s intention to preserve cash for working capitalpurposes. Forward-lookinginformation is based on a number of factors and assumptions thatmanagement believes to be reasonable at the time such statements aremade, including, but not limited to, the timely receipt of allnecessary regulatory approvals and the Company’s ability to continueas a going concern. Forward-looking information is subject to knownand unknown risks, uncertainties, and other factors that may causeactual results or events to differ materially from those expressed orimplied by such forward-looking information. Such risks include,without limitation: regulatory or other approvals not being obtainedin a timely manner; and general business, economic, competitive,political, and social uncertainties. Readers are cautioned not toplace undue reliance on forward-looking information. The Companyundertakes no obligation to update or revise any forward-lookinginformation, whether as a result of new information, future events, orotherwise, except as required by law.
The Canadian Securities Exchange has not approved ordisapproved this news release.
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