Bedford Metals Corp URGYF

Primary Symbol: V.BFM

Metals & Mining Gold

Bedford Metals Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of resource properties in British Columbia and Saskatchewan, Canada. Its projects include Margurete Gold Project, Ubiquity Lake Project, Close Lake Project, and Sheppard Lake Uranium Project. The Margurete Gold Project is located in the Phillips Arm Gold Camp and covers 687 hectares, approximately 200 kilometers Northwest of Vancouver in southwest British Columbia. The Ubiquity Lake Uranium Project, spanning 1,382 hectares, is located just south of the southern edge of the Athabasca Basin, Canada’s prolific uranium region. The Close Lake Uranium Project is located in the Athabasca Basin, and spans about 245 hectares. It lies within a key exploration area, including the Keys Lake, Cigar Lake, and McArthur River mines. Sheppard Lake Uranium Project covers an area of approximately 2250 hectares and adjoins the Ubiquity Lake Project to the southeast.

TSXV:BFM - Post by User

Bedford Metals Corp

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Post by 7Twiggyon Apr 29, 2024 8:49pm

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Post# 36013826

All those warrants makes this look a little pricy

Completed a little more DD. There were a lot of .11c warrants issued that have a fairly long run way. Wonder if someone holding some of these is unloading. Glad I did not pull the trigger. Will hold on to my Centerra gold golding. It pays a nice little dividen and not near as risky IMO.

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

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