Wedgemount Announces Closing of Second Tanche of Private Placement
(TheNewswire)
Vancouver, BC – TheNewswire - June 17, 2025 – Wedgemount Resources Corp.(CSE: WDGY)(OTCQB: WDGRF) (“ Wedgemount ” or the “ Company ”), is pleased to announce it has closed the secondtranche of its previously announced non-brokered, $780,000 privateplacement (the “Offering”).
Pursuant to the closing of the second tranche theCompany issued 3,846,323 units (each a“ Unit ”) at CAD$0.065 per Unit for gross proceeds of CAD$250,011(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 June 12, 2027 .
In connection with the Offering, the Company issued at total of 12,157,640 units for grossproceeds of $790,247, paid finder’s fees of CAD$26,043, and issued400,660 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.
S ecurities issued under thesecond tranche of the Offering, including securities issuable onexercise thereof, are subject to a hold period expiring October 13,2025, in accordance with the rules and policiesof the Canadian Securities Exchange and applicable Canadian securitieslaws .
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 conduct exploration ordevelopment programs, successes of the Company’s explorationefforts, availability of capital and financing and general economic,market or business conditions. There can be no assurances that suchinformation will prove accurate and, therefore, readers are advised torely on their own evaluation of such uncertainties. The Company doesnot assume any obligation to update any forward-looking informationexcept as 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 FOR DISSEMINATION IN THE UNITED STATES. ANYFAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OFU.S. SECURITIES LAWS.
Copyright (c) 2025 TheNewswire - All rights reserved.
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