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 [...]
Wedgemount Resources announces it has approved the grant of stock options to acquire up to 800,000 common shares in the capital of the Company. The Options are exercisable for a five-year term expiring on March 4, 2030, at a price of $0.10 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on July 5, 2025, unless waived by the Canadian [...]
Wedgemount Resources is pleased to provide an update on its operations and corporate activities. Operations Update Due to extreme cold weather conditions over the past few weeks, Wedgemount proactively shut-in oil production and processing to protect its wells and facilities from potential damage. In light of the return of more seasonal temperatures this week, the Company has resumed production and is once again selling [...]
Wedgemount Resources Corp. is providing a third update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July [...]
Wedgemount Resources Corp. is providing a second update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July [...]
Wedgemount Resources is pleased to provide an operations update for the Company's West Central Texas oil and gas operations. Huggy Acquisition Update All natural gas transmission flow lines have been repaired and replaced where necessary in order to facilitate gas sales to third party purchasers Certain gas wells have been re-classified as oil wells with the RRC as successful chemical treatments caried out by the Company [...]
Wedgemount Resources Corp. is providing an update with respect to its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management's discussion and analysis for the financial year ended July 31 [...]
Wedgemount Resources announces that its annual financial statements for the year ended July 31, 2024, the related management discussion and analysis, certifications of the Chief Executive Officer and the CFOr, and the annual oil and gas filings required under Part 2 of National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities for the year ended July 31, 2024, will not be filed by the required filing [...]
Wedgemount Resources Corp. , is pleased to announce details of its ongoing enhancement and remediation program for the Company's recently acquired producing oil and gas assets in west central Texas. The Company's Huggy Asset remediation program is designed to optimize well production through proprietary chemical treatments, well workovers and surface facility optimization. The Company has expanded field resources to two [...]
Wedgemount Resources Corp. , is pleased to provide an operations update for the Company's west central Texas oil and gas operations. Since the closing of the Company's recently announced Huggy asset acquisition and concurrent financing, Wedgemount's operations team has commenced optimization of wells and surface facilities in both the Echo and Novice fields which make up the core of the Huggy assets. As a result, the [...]
Wedgemount Resources Corp. , announces it has entered into agreements with each of Outside the Box Capital Inc. , Proactive Investors North America Inc. and Oak Hill Financial Inc, to provide services to the Company, subject to approval by the Canadian Securities Exchange. OTB's scope of work will include, but not be limited to, providing marketing services, planning content creation and assisting in enhancing awareness [...]