Mr. Peter Born reports
BEDFORD METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Bedford Metals Corp. has closed a non-brokered private placement of 2.25 million units of the company at a price of 20 cents per unit for gross proceeds of $450,000.
Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 35 cents at any time on or before Nov. 7, 2028.
The company expects to utilize the proceeds of the offering for working capital and general corporate purposes.
In connection with closing of the offering, the company paid $27,000 and issued 135,000 non-transferable finders' warrants to an arm's-length party who assisted in introducing subscribers to the offering. The finders' warrants are exercisable on the same terms of the warrants. All securities issued in connection with the offering are subject to restrictions on resale until March 8, 2026, in accordance with applicable securities laws.
We seek Safe Harbor.
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