Wedgemount Closes First Tranche of Private Placement and Provides Corporate Update
(TheNewswire)
Vancouver, BC – November 5,2025 – TheNewswire - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF)(“ Wedgemount ” or the “ Company ”), is pleased to announce that ithas closed the first tranche of its previously announced privateplacement financing of up to CAD$500,000 (the “ Offering ”),originally announced on October 27, 2025.
Under the first tranche of the Offering, the Companyhas issued an aggregate of 2,150,000 units of the Company (the“ Units ”) at a price of CAD$0.05 per Unit to raise gross proceedsof CAD$107,500. Each Unit is comprised of one common share of theCompany (each, a “ CommonShare ”) and one half of one transferableCommon Share purchase warrant (each a “ Warrant ”). Eachwhole Warrant entitles the holder to acquire one Common Share atCAD$0.12 for two years from the date of issuance.
The Common Shares and Warrants issued pursuant to theOffering, as well as the Common Shares issuable upon exercise of theWarrants, if any, are subject to a statutory hold period ofapproximately four months ending on March 6, 2026, in accordance withapplicable securities law.
In connection with the Offering, the Company may payfinder’s fees to qualified non-related parties, in accordance withthe policies of the Canadian Securities Exchange, being 7% cashcommission on total proceeds raised by the finder and 7% in Warrantson total Units sold by the finder. The Company intends to use the netproceeds from the Offering for general working capitalpurposes.
The Company also granted 1,550,000 stock options thatare exercisable for a period of up to three years at a price ofCAD$0.05 per share to various directors, officers, and consultants.The stock options fully vested at the date of grant.
About Wedgemount ResourcesCorp .
Wedgemount Resources is a junior natural resourcecompany focused on maximizing shareholder value through theacquisition, development and exploitation of oil and gas projects inTexas, USA.
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 releaseincludes, the proposed use of proceeds of the private placement.Investors are cautioned that any such forward-looking statements are not guarantees of futurebusiness activities and involve risks and uncertainties, and that theCompany’s future business activities may differ materially fromthose in the forward-looking statements as a result of variousfactors, including, but not limited to, availability of 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 UNITED STATES NEWSWIRE SERVICESOR FOR RELEASE, PUBLICATION, DISTRIBUTION, DISSEMINATION, DIRECTLY ORINDIRECTLY IN OR INTO THE UNITED STATES
Copyright (c) 2025 TheNewswire - All rights reserved.
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