Wedgemount Resources Corp. , is pleased to announce that it has closed the first tranche of its previously announced private placement financing of up to CAD$500,000 , originally announced on October 27, 2025. Under the first tranche of the Offering, the Company has issued an aggregate of 2,150,000 units of the Company at a price of CAD$0.05 per Unit to raise gross proceeds of CAD$107,500. Each Unit is comprised of one [...]
Wedgemount Resources Corp. , announces it has offered to settle outstanding interest owing to holders of its principal amount $2,599,000, 10% unsecured convertible debentures issued during August and September of 2024 . Under the Interest Settlement Agreement , the Company proposes to settle interest owing of $129,950 in connection with an interest payment due August 25, 2025 , through the issue of 2,599,000 common shares [...]
Wedgemount Resources Corp. , today announces that the Company is unable to make the semi-annual interest payment scheduled for August 25, 2025 on CAD$2.45 million outstanding, 10% Unsecured Convertible Debentures maturing in 2028 . The missed interest payment totalling CAD$122,500 is the result of unexpected liquidity constraints resulting from a shutdown of third-party gas gathering facilities in Wedgemount's core area [...]
Wedgemount Resources Corp. , announces that on July 24, 2025, there were two unplanned events at third-party gas gathering pipelines utilized by Wedgemount Resources Corp. in the Company's core operating area. As a result, Wedgemount has temporarily shut in approximately 50% of its oil and gas production. It was initially anticipated the outages would last a maximum of two weeks but the Company has now been informed by [...]
August 11, 2025, - Wedgemount Resources Corp. , today announces an agreement to sell up to a five percent Overriding Royalty Interest in the Company's west central Texas oil and gas assets to an arm's length third-party for proceeds of up to USD$800,000. The royalty sale agreement consists of an initial purchase of a one percent ORRI in Wedgemount's 100% working interest for total proceeds of $160,000. The Purchaser has a [...]
Vancouver, BC - June 26, 2025 - Wedgemount Resources Corp. , announces it has entered into promissory notes with an arm's length lender for a combined amount of approximately CAD$369,560 . The two promissory notes, dated June 25, 2025, are in principal amounts of CAD$284,000 and USD$62,00, respectively, with annual interest payments on the outstanding principal balance of each accruing at the rate of ten percent per [...]
Wedgemount Resources Corp. , is pleased to announce it has closed the second tranche of its previously announced non-brokered, $780,000 private placement . Pursuant to the closing of the second tranche the Company issued 3,846,323 units at CAD$0.065 per Unit for gross proceeds of CAD$250,011 . Each Unit entitled the holder to receive one common share in the capital of the Company and one-half of one transferable Common [...]
Wedgemount Resources Corp. , announces it intends to complete a second tranche of a non-brokered private placement of up to 4,000,000 units at CAD$0.065 per Unit for gross proceeds of up to CAD$260,000 . Each Unit is comprised of one common share in the capital of the Company and one half of one non-transferable Common Share purchase warrant . Each whole Warrant entitles the holder to acquire one Common Share at CAD$0.12 [...]
Wedgemount Resources Corp. , announces it has closed the non-brokered private placement announced May 12, 2025 by issuing 8,311,317 units at CAD$0.065 per Unit for gross proceeds of CAD$540,235 . Each Unit entitled the holder to receive one common share in the capital of the Company and one-half of one transferable Common Share purchase warrant . Each whole Warrant entitles the holder to acquire one Common Share at [...]
Wedgemount Resources is pleased to announce Mr. Simon Clarke has joined the Company's Board of Directors, effective immediately. Mr. Clarke brings close to 30 years' experience building companies and implementing successful capital markets and growth strategies focused on energy, mining, and energy technology. He was a co-founder, executive, and director of Osum Oil Sands, a Calgary-based oil sands company which grew [...]
Wedgemount Resources announces it intends to complete a non-brokered private placement of up to 12,000,000 units at CAD$0.065 per Unit for gross proceeds of up to CAD$780,000. Each Unit is comprised of one common share in the capital of the Company and one half of one non-transferable Common Share purchase warrant. Each whole Warrant entitles the holder to acquire one Common Share at CAD$0.12 for two years from the date [...]
Wedgemount Resources is pleased to provide an update on field activity at its recently acquired Huggy Assets. Operations Update With the return of seasonal temperatures in west-central Texas over the past two weeks, Wedgemount has resumed all field activities, including pumping, surface facility optimization, maintenance, chemical treatments and well workovers. The majority of work has been and will continue to be focused [...]
