Wedgemount Announces Closing of Private Placement
(TheNewswire)
Vancouver, BC – May 28, 2025– TheNewswire - Wedgemount Resources Corp. (CSE: WDGY)(OTCQB: WDGRF) (“ Wedgemount ” or the “ Company ”), announcesit has closed the non-brokered private placement announced May 12,2025 by issuing 8,311,317 units (each a“ Unit ”) at CAD$0.065 per Unit for gross proceeds of CAD$540,235(the “ Offering ”). Each Unit entitled the holder to receive one (1) commonshare in the capital of the Company (each a " Common Share ")and one-half of one (1/2) transferable Common Share purchase warrant(each a “ Warrant ”). Each whole Warrant entitles the holder to acquire one(1) Common Share at CAD$0.12 until May 26, 2027 .
In connection with the Offering, the Company paid finder’s fees of CAD$26,043, and issued215,600 finder warrants (each, a “ Finder Warrant ”),to eligible finders. The Finder Warrants are exercisable at $0.12until May 26, 2027.
The Company intends to use the net proceeds from theOffering for general working capital purposes.
All securities issued under the Offering, includingsecurities issuable on exercise thereof, are subject to a hold periodexpiring May 27, 2025, in accordance with therules and policies of the Canadian Securities Exchange and applicableCanadian securities laws .
About Wedgemount ResourcesCorp .
Wedgemount Resources is a junior oil and gas companyfocused on maximizing shareholder value through the acquisition,discovery and advancement of natural resource projects in NorthAmerica.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Companyat:
Telephone: (604) 343-4743
ReaderAdvisory
This news release may containstatements which constitute “forward-looking information”,including statements regarding the plans, intentions, beliefs andcurrent expectations of the Company, its directors, or its officerswith respect to the future business activities of the Company. Thewords “may”, “would”, “could”, “will”, “intend”,“plan”, “anticipate”, “believe”, “estimate”,“expect” and similar expressions, as they relate to the Company,or its management, are intended to identify such forward-lookingstatements. Forward looking statements made in this news releaseinclude the proposed use of the proceeds of the Offering. Investorsare cautioned that any such forward-looking statements are notguarantees of future business activities and involve risks anduncertainties, and that the Company’s future business activities maydiffer materially from those in the forward-looking statements as aresult of various factors, including, but not limited to, availabilityof funds, personnel and other resources necessary to conductexploration or development programs, successes of the Company’sexploration efforts, availability of capital and financing and generaleconomic, market or business conditions. There can be no assurances that such informationwill prove accurate and, therefore, readers are advised to rely ontheir own evaluation of such uncertainties. The Company does notassume any obligation to update any forward-looking information exceptas required under the applicable securities laws.
Neither the Canadian SecuritiesExchange nor the Investment Industry Regulatory Organization of Canadaaccepts responsibility for the adequacy or accuracy of thisrelease.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THISRESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Copyright (c) 2025 TheNewswire - All rights reserved.
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