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Enter Symbol
or Name
USA
CA



Bedford Metals Corp
Symbol BFM
Shares Issued 6,460,073
Close 2023-08-03 C$ 0.11
Market Cap C$ 710,608
Recent Sedar+ Documents

Bedford Metals arranges $500,000 private placement

2023-08-09 14:01 ET - News Release

Subject: Bedford Metals Corp. - New Release Word Document File: '\\swfile\EmailIn\20230809 103027 Attachment Bedford Metals Corp. - News Release - Debenture Private Placement.DOCX' - 2 - BEDFORD METALS CORP. Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5 NEWS RELEASE BEDFORD METALS ANNOUNCES DEBT SETTLEMENT August 9, 2023 - Vancouver, British Columbia - Bedford Metals Corp. (the "Company") (TSXV: BFM) announces that it will conduct a non-brokered private placement (the "Offering") of convertible debentures units (the "Debenture Units") at a price of $1,000 per Debenture Unit to raise gross proceeds of up to $500,000. Each Debenture Unit will consist of: (i) one unsecured convertible debenture (each, a "Convertible Debenture") in the principal amount of $1,000 maturing sixty months (the "Maturity Date") from the closing of the Offering; and (ii) 9,090 detachable common share purchase warrants of the Company (each, a "Warrant"). Each Convertible Debenture 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 $0.11 for a period of sixty months from the closing of the Offering. The principal amount of the Convertible Debentures 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 $0.11 of outstanding indebtedness. The proceeds of the Offering will be utilized by the Company for general working capital purposes and to complete planned work at its wholly-owned Margurete Gold Project, located at Phillips Arms in southwestern British Columbia. In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Company. All securities issued in connection with the Offering will be subject to a statutory hold period for four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering 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 Offering, the intended use of the proceeds from the Offering, 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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