Bedford Metals WKN: A3DZER ISIN: CA0762301012 Kürzel: BFM Forum: Aktien Thema: Hauptdiskussion

Bedford Metals Closes First Tranche of Financing Bedford Metals Corp. has closed the first tranche of its non-brokered private placement of flow-through (FT) units. In connection with closing of the first tranche of the offering, the company issued 1,111,109 FT units, at a price of 90 cents per FT unit, for gross proceeds of $999,998. Following closing of the first tranche of the offering, the company has elected to increase the total size of the offering and now anticipates offering up to 3,333,333 FT units for gross proceeds of up to $3-million. Each FT unit consists of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional non flow-through common share at a price of $1.10 until Oct. 31, 2025. Each FT share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). In connection with completion of the first tranche of the offering, the company issued 138,888 common shares and 111,110 warrants to GloRes Securities Inc., which assisted by introducing the subscribers to the offering. The company may pay additional finders' fees in connection with closing of further tranches of the offering. All securities issued in connection with the first tranche of the offering are subject to restrictions on resale until March 1, 2025, in accordance with applicable securities laws. Completion of further tranches of the offering remains subject to the approval of the TSX Venture Exchange. In addition to the offering, the company is also continuing to a conduct a non-brokered private placement of non-flow-through common shares under the listed issuer financing exemption, as previously announced on Oct. 15, 2024. We seek Safe Harbor. Source Jemini Capital