Beyond Minerals closes convertible debenture offering
Key facts
- C$50K PP
- C$0.05/unit
- Sep 21 close
Winnipeg, Manitoba--(Newsfile Corp. - September 21, 2026) - Beyond Minerals Inc. (CSE:BY) (OTCQB: BYDMF) (the " Company " or " Beyond Minerals ") is pleased to announced that it has completed a non-brokered private placement of an unsecured convertible debenture (the " Debenture ") in the aggregate principal amount of $50,000, for gross proceeds in the same amount, bearing interest at a rate of 10% per annum and maturing one year from the date of issuance (the " Offering "). The Company further announces that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the " Blanket Order ") and move to semi-annual financial reporting (" SAR ").
Convertible Debenture Offering
At the option of the holder, the principal amount of the Debenture and the accrued interest thereon may be converted into common shares in the capital of the Company at a conversion price of $0.05 per share, subject to the policies of the Canadian Securities Exchange and certain adjustments as provided for in the certificate representing the Debenture.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
The Debenture and any underlying shares to be issued upon the conversion thereof are subject to a hold period of four months and one day from the closing date, expiring January 21, 2027.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Semi-Annual Reporting
The SAR framework is implemented under the Blanket Order, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.
The Company will not file interim financial statements and related Management's Discussion and Analysis (" MD&A ") for the nine-month period ending September 30, 2026 and will not file any interim financial statements and MD&A for any subsequent quarters ending March 31 st or September 30 th going forward for as long as it remains eligible for SAR.
The Company will continue to file audited annual financial statements and related MD&A (due within 120 days of December 31 st ) and six-month interim financial statements and MD&A (due within 60 days of June 30 th ).
The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations .
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