Wedgemount Provides Update on Interest Settlement
(TheNewswire)
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICESOR FOR RELEASE, PUBLICATION, DISTRIBUTION, DISSEMINATION, DIRECTLY ORINDIRECTLY IN OR INTO THE UNITED STATES
Vancouver, BC – December 23,2025 – TheNewswire - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF)(“Wedgemount” or the “Company”), announcesthat it has closed its offer to settle a portion of outstandinginterest owing to holders of its principal amount $2,599,000, 10%unsecured convertible debentures (the “Debentures”) issuedduring August and September of 2024 (see press releases dated August22 and September 12, 2024).
Under the Interest Settlement Agreement(“Settlement”), the Company settled interest owing of $95,250 inconnection with an interest payment due August 25, 2025(“August Payment”), through the issue of 1,907,000 common shares at adeemed price of $0.05 per common share. The Shares issued insatisfaction of the August Payment will be subject to a hold periodexpiring 4months and 1 day after issuance, in accordance with therules and policies of the Exchange and applicable Canadian securitieslaws. To date, Debenture holders owning principal amount $1,907,000have agreed to the Settlement proposal. The Settlements remain subjectto acceptance by the Canadian Securities Exchange.
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 interest settlement. Investors are cautioned that any suchforward-looking statements are not guarantees of future businessactivities 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 resourcesnecessary to conduct exploration or development programs, successes ofthe Company’s exploration efforts, availability of capital andfinancing and general economic, market or business conditions. Therecan be no assurances that such information will prove accurate and,therefore, readers are advised to rely on their own evaluation of suchuncertainties. The Company does not assume any obligation to updateany forward-looking information except as required under theapplicable securities laws.
Neither the Canadian SecuritiesExchange nor the Investment Industry Regulatory Organization of Canadaaccepts responsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2025 TheNewswire - All rights reserved.
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