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02:13:14 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Bullet Exploration Inc (2)
Symbol AMMO
Shares Issued 7,138,821
Close 2023-09-29 C$ 0.06
Market Cap C$ 428,329
Recent Sedar+ Documents

Bullet Exploration closes $960,000 private placement

2023-10-24 17:08 ET - News Release

Subject: Bullet Exploration Inc. - News Release dated October 24, 2023 PDF Document File: Attachment Bullet.News Release re closing of financing (October 24, 2023) (W0448290x10917F).pdf BULLET EXPLORATION INC. ANNOUNCES CLOSING OF $960,000 UNIT FINANCING Dateline: Vancouver, BC Ticker: "AMMO" Date: October 24, 2023 Bullet Exploration Inc. (the "Company") (TSXV: AMMO) announces that, further to the Company's news release dated August 28, 2023, it has closed its non-brokered private placement financing of 19,200,000 units at $0.05 per unit (each, a "Unit") raising gross proceeds of $960,000 (the "Financing"). Each Unit is comprised of one common share (each, a "Share") and one common share purchase warrant (each warrant, a "Warrant"), with each Warrant being exercisable for one additional common share of the Company at a price of $0.15 per share for a period of twelve months following the closing of the Financing. The expiry of the Warrants may be accelerated by the Company at any time following the date that is four months and one day from closing of the Financing (the "Closing Date"), and prior to the expiry date of the Warrants if, at any time following the Closing Date, the closing price of the Company's common shares on the TSX Venture Exchange is equal to or exceeds $0.20 for any 30 consecutive trading days. In such event, the Company may accelerate the expiry date of the Warrants by giving notice to holders of Warrants and issuing a news release announcing the reduced Warrant term whereupon the Warrants will expire on the 30th calendar day after the date of such news release. Certain insiders of the Company participated in the Financing for an aggregate total of $56,666. The participation by such insiders is considered a "related-party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Financing based on that the fair market value of such insider participation does not exceed 25% of the Company's market capitalization. The Shares and Warrants are subject to a hold period until February 25, 2024. The Financing is subject to final TSX Venture Exchange approval. The proceeds from the Financing will be used for ongoing working capital. For Further information, please contact: Anthony Zelen Chief Executive Officer T: 778-388-5258 Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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