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 [...]
Wedgemount Resources Corp. , is pleased to announce that it has closed the second tranche of its non-brokered private placement of convertible debenture units of the Company at a price of $1,000 per Debenture Unit. The convertible debenture offering was over-subscribed. Under the second tranche, a total of 745 Debenture Units were sold for gross proceeds of $745,000. In total the Company has raised gross proceeds of [...]
Wedgemount Resources Corp. , is pleased to announce that it has closed the acquisition of additional oil and gas assets located in the Permian Basin of west central Texas pursuant to a Purchase and Sale Agreement with an arm's length private company located in Texas, USA. Under the PSA, Wedgemount has acquired a 100% working interest in the Huggy Assets which cover 20,000 acres of 37 oil and gas leases, hosting 111 [...]
This news release is issued by Mark Vanry pursuant to the early warning requirements of National Instrument 62-103 The Early Warning System and Related Take-over Bid and Insider Reporting Issues and with respect to the acquisition by the Acquiror of debenture units of Wedgemount Resources Corp. . On August 21, 2024, in connection with the closing of the first tranche of a non-brokered private placement of the Issuer, the [...]
Wedgemount Resources Corp. is pleased to announce, further to the news release dated July 29, 2024, that it has closed the first tranche of its non-brokered private placement of convertible debenture units of the Company at a price of CAD$1,000 per Debenture Unit. Under the First Tranche, a total of 1,615 Debenture Units were sold for gross proceeds of $1,615,000. Each Debenture Unit is comprised of CAD$1,000 principal [...]
Wedgemount Resources Corp. , is pleased to announce that it has entered into a Purchase and Sale Agreement for the acquisition of additional oil and gas assets located in the Permian Basin of west central Texas. The PSA is with an arm's length private company located in Texas, USA. Acquisition Highlights - Huggy Operations, Eastern Shelf 20,000+ acres including two core operating areas adjacent to Wedgemount's current [...]
Wedgemount Resources Corp. , is pleased to announce details of its upcoming summer 2024 field program focusing on the Company's recently acquired TCS assets. The TCS leases consist of eight vertical production wells and one injector. All eight wells will undergo workovers and chemical treatments similar to our Willowbend and Millican assets. To date, the average sustained production increase of Wedgemount's treated and [...]
Wedgemount Resources announces it has approved the grant of stock options to acquire up to 430,000 common shares in the capital of the Company. The Options are exercisable for a five-year term expiring on April 11, 2029, at a price of $0.15 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on August 11, 2024, unless waived by the Canadian [...]
Mr. Mark Vanry has acquired 24,000 common shares of Wedgemount Resources Corp. pursuant to an acquisition in the public market. The Common Shares of the Issuer are listed on the CSE under the trading symbol "WDGY". Prior to giving effect to the foregoing acquisition of Common Shares, the Acquiror owned and/or had control over an aggregate of 7,334,000 Common Shares, representing approximately 14.03% of the issued and [...]
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