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22:35:38 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Bedford Metals Corp
Symbol BFM
Shares Issued 6,460,073
Close 2023-08-15 C$ 0.12
Market Cap C$ 775,209
Recent Sedar+ Documents

Bedford Metals closes $447,500 debenture financing

2023-08-18 18:00 ET - News Release

Subject: Bedford Metals News Release Word Document File: '\\swfile\EmailIn\20230818 145526 Attachment Bedford Metals Corp. - News Release - Private Placement Closing.DOCX' - 2 - BEDFORD METALS CORP. Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5 NEWS RELEASE BEDFORD METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT August 18, 2023 - Vancouver, British Columbia - Bedford Metals Corp. (the "Company") (TSXV: BFM) announces that it has completed its non-brokered private placement (the "Offering") of convertible debentures units (the "Debenture Units") and has issued 447.5 Debenture Units, at a price of $1,000 per Debenture Unit, for gross proceeds of $447,500. Each Debenture Unit consists of: (i) one unsecured convertible debenture (each, a "Convertible Debenture") in the principal amount of $1,000 maturing on August 18, 2028 (the "Maturity Date"); and (ii) 9,090 detachable common share purchase warrants of the Company (each, a "Warrant"). In connection with completion of the Offering, the Company has issued 4,067,775 Warrants. Each Convertible Debenture bears interest at a rate of eight percent per annum, payable upon the Maturity Date. Each Warrant entitles the holder purchase one common share of the Company at a price of $0.11 until August 18, 2028. The principal amount of the Convertible Debentures is 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. No finders' fees or commissions were paid in connection with completion of the Offering. All securities issued in connection with the Offering are subject to a statutory hold period until December 19, 2023 in accordance with applicable securities laws. 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 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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