Bedford Metals Provides Update ON Forward Share Split
BEDFORD METALS CORP.
Suite 2200, 885 West Georgia Street
Vancouver, British Columbia
V6C 3E8
NEWS RELEASE
BEDFORD METALS PROVIDES UPDATE ON FORWARD SHARE SPLIT
December 28, 2023 – Vancouver, British Columbia – Bedford Metals Corp. (the “ Company”)
(TSXV: BFM). As previously announced, the Company is undertaking a forward share split (the
“Share Split ”) in which 1.2 additional common shares will be issued for every one common
share currently outstanding. Following completion of the Share Split, each holder of one
common share of the Company will hold 2.2 common shares.
The Company is conducting the Share Split using the “push-out” method. As a result,
shareholders of record as of the close of business on January 4, 2024 will receive from Odyssey
Trust Company, the transfer agent and register for the Company, 1.2 additional common shares
for every one common share held. Trading in the common shares of the Company is expected
to commence on a post-Share Split basis on the TSX Venture Exchange at the open of markets
on January 3, 2024.
In connection with the Share Split, the Company has elected to revise the exercise price of a
series of 387,000 incentive stock options (the “Options”) previously granted by the Company on
August 2, 2023. The Options will now be exercisable at a pre-Share Split price of $0.11 until
August 2, 2028.
For further information concerning the Share Split, readers are encouraged to review the news
release issued by the Company on December 27, 2023.
For further information, contact Peter Born at [email protected] or 604.622.1199 or
visit the Company’s website at www.bedfordmetalscorp.com.
On behalf of the Board,
Bedford Metals Corp.
Peter Born, Director
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. These forward-looking statements or
information may relate to the anticipated timing and completion of the Share Split and other factors 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.