Subject: Bedford Metals Corp. - News Release [IWOV-LEGAL.FID2856006]
Word Document
File: '\\swfile\EmailIn\20251107 142254 Attachment Bedford Metals Corp. - News Release - $0.20 Unit Private Placement - Closing.docx'
NEWS RELEASE
BEDFORD METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Vancouver, Canada - November 7, 2025 - Bedford Metals Corp. (TSX-V: BFM, FWB: 08D, ISIN: CA0762301012) (the "Company" or "Bedford") is pleased to announce that it has closed a non-brokered private placement (the "Offering") of 2,250,000 unit of the Company (the "Units") at a price of $0.20 per Unit for gross proceeds of $450,000 (the "Offering").
Each Unit consists of one common share of the Company (each a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company (each, a "Warrant Share") at a price of $0.35 at any time on or before November 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 (the "Finders' Warrants") to an arms-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.
For further information, please contact the Company at info@bedfordmetals.com or 604-622-1199 or visit the Company's website at www.bedfordmetals.com.
On behalf of the Board,
Bedford Metals Corp.
"Peter Born"
President
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. 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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