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01:19:08 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Bedford Metals Corp
Symbol BFM
Shares Issued 6,460,073
Close 2023-08-01 C$ 0.10
Market Cap C$ 646,007
Recent Sedar+ Documents

Bedford to issue debenture, warrants for debt

2023-08-02 00:04 ET - News Release

Subject: Bedford Metals Corp. - News Release [IWOV-LEGAL.052084-00001] Word Document File: '\\swfile\EmailIn\20230801 191347 Attachment Bedford Metals Corp. - News Release - Debt Settlement.DOCX' - 2 - BEDFORD METALS CORP. Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5 NEWS RELEASE BEDFORD METALS ANNOUNCES DEBT SETTLEMENT August 1, 2023 - Vancouver, British Columbia - Bedford Metals Corp. (the "Company") (TSXV: BFM) announces that it has reached an agreement with an arms-length creditor (the "Creditor") to settle (the "Debt Settlement") outstanding indebtedness (the "Indebtedness") totaling $389,559.21. The Indebtedness represents funds previously advanced to the Company by the Creditor, along with accrued interest, and which were utilized by the Company for general working capital purposes. The Indebtedness will be settled through the issuance of an unsecured convertible debenture (the "Convertible Debenture") in the principal amount of the Indebtedness, along with 3,895,592 detachable common share purchase warrants (each, a "Warrant"). The Convertible Debenture will mature sixty months (the "Maturity Date") following issuance and will bear interest at a rate of eight percent per annum, payable upon the Maturity Date. Each Warrant will entitle the holder purchase one common share of the Company at a price of $0.10 for a period of sixty months following issuance. The principal amount of the Convertible Debenture will be convertible into common shares of the Company (each, a "Conversion Share"), at the option of the holder, at a rate of one Conversion Share for every $0.10 of outstanding indebtedness. All securities issued in connection with the Debt Settlement will be subject to a statutory hold period for four-months-and-one-day in accordance with applicable securities laws. Completion of the Debt Settlement remains subject to the approval of the TSX Venture Exchange. For further information, contact Peter Born at info@acadmetals.com. On behalf of the Board, Bedford Metals Corp. Peter Born, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated completion of the Debt Settlement, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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