Wedgemount Announces Second Tranche of Non-Brokered Private Placement
(TheNewswire)
Vancouver, BC – TheNewswire - June 12, 2025 – Wedgemount Resources Corp.(CSE: WDGY)(OTCQB: WDGRF) (“ Wedgemount ” or the “ Company ”), announces it intends to complete a secondtranche of a non-brokered private placement of up to4,000,000 units (each a “ Unit ”) at CAD$0.065per Unit for gross proceeds of up to CAD$260,000 (the “ Offering ”). EachUnit is comprised of one (1) common share in the capital of theCompany (each a " CommonShare ") and one half of one (1/2)non-transferable Common Share purchase warrant (each a “ Warrant ”). Eachwhole Warrant entitles the holder to acquire one (1) Common Share atCAD$0.12 for two years from the date of issuance . In connection with the Offering, the Company may payfinder’s fees to qualified non-related parties, in accordance withthe policies of the Exchange, being 7% cash commission on totalproceeds raised by the finder and 7% in Warrants on total Units soldby the finder. 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, will be subject to a holdperiod expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange andapplicable Canadian securities laws .
Wedgemount closed the first tranche of the Offering onMay 28, 2025, details of which can be found in the Company’s pressrelease of May 28, 2025 and under the Company’s SEDAR+ profile at http://www.sedar.com/ .
About Wedgemount ResourcesCorp .
Wedgemount is a junior oil & gas company focused onmaximizing shareholder value through the acquisition, development andexploitation of natural resource projects in North America.
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 assurancesthat such information will prove accurate and, therefore, readers areadvised to rely on their own evaluation of such uncertainties. The Company does not assumeany obligation to update any forward-looking information except asrequired 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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