On August 18, 2023, Bedford Metals Corp. closed the transaction. The company issued 447.5 Debenture Units, at a price of CAD 1,000 per Debenture Unit, for gross proceeds of CAD 447,500. Each Debenture Unit consists of one unsecured convertible debenture in the principal amount of CAD 1,000 maturing on August 18, 2028 and 9,090 detachable common share purchase warrants. In connection with completion of the Offering, the Company has issued 4,067,775 Warrants. 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.

On August 30, 2023, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from four placees.