Vancouver, Canada - 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 3,333,335 flow-through common shares of the Company (the 'Shares') at a price of $0.30 per Share for gross proceeds of $1,000,000.50 (the 'Offering').
In connecOon with closing of the Offering, the Company issued 333,333 common shares at a deemed price of $0.20 per share to an arms-length party who assisted in introducing subscribers to the Offering. All securiOes issued in connecOon with the Offering are subject to restricOons on resale unOl February 24, 2026, in accordance with applicable securiOes laws. The Company also announces that it has completed the previously announced acquisiOon of the Ubiquity Lake and Sheppard Lake Uranium Projects through the issuance of 3,050,000 common shares, at a deemed price of $0.225 per share, to saOsfy the remaining payment obligaOons owing.
The Company now owns both the Ubiquity Lake and Sheppard Lake Uranium Projects, subject to conOnuing royalty obligaOons. All common shares issued in connecOon with the acquisiOon of the projects are subject to restricOons on resale unOl February 24, 2026, in accordance with applicable securiOes laws. For further informaOon regarding the acquisiOon of the projects, readers are encouraged to review the news release issued by the Company on August 18, 2025.
This news release may contain certain 'Forward-Looking Statements' within the meaning of the United States Private SecuriOes LiOgaOon Reform Act of 1995 and applicable Canadian securiOes laws. When or if used in this news release, the words 'anOcipate', 'believe', 'esOmate', 'expect', 'target, 'plan', 'forecast', 'may', 'schedule' and similar words or expressions idenOfy forward-looking statements or informaOon. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumpOons and esOmates that, while considered reasonable by the Company, are inherently subject to significant business, economic, compeOOve, poliOcal and social risks, conOngencies and uncertainOes. 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 obligaOon, to update these forward-looking statements or informaOon to reflect changes in assumpOons or changes in circumstances or any other events affecOng such statements and informaOon other than as required by applicable laws, rules and regulaOons.
(C) 2025 Electronic News Publishing, source ENP Newswire