Wedgemount Resources Corp.

Wedgemount Resources announces it has approved the grant of incentive stock options to acquire up to 700,000 common shares in the capital of the Company. The Options are exercisable for a five-year term expiring on Dec 15, 2028, at a price of $0.08 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on April 16, 2024, unless waived by the [...]

Wedgemount Resources Corp. , announces that it has closed its recently disclosed TCS light oil acquisition located in the Permian Basin of west central Texas, USA. The Company completed a payment to the arm's length vendor of US$50,000 and signed a US$600,000 vendor take back loan for a 100% working interest in the Assets subject to a 20% underlying royalty. The VTB will mature on November 1, 2025, and will pay interest [...]

Wedgemount Resources Corp. , is pleased to announce commencement of a large scale production enhancement program, including both chemical reservoir stimulations and extensive improvements to surface facilities for its central Texas oil and gas assets. Reservoir stimulations will initially be conducted on fifteen of the Company's operating wells, with the goal of improving production rates and enhancing overall oil [...]

Wedgemount Resources Corp. , announces that a total of 12,616,000 common share purchase warrants with an exercise price of C$0.10 were exercised prior to expiry on September 21, 2023. The exercises resulted in gross proceeds of C$1,261,600. Wedgemount's current cash balance has increased to approximately C$1.2 million. Post the exercise of the Warrants, the company has a total of 52,187,935 common shares issued and [...]

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. Highlights: 1200 acres including 9 oil and gas leases adjacent to Wedgemount's core area 8 producing and one injector well currently producing [...]

Wedgemount Resources Corp. , is pleased to provide shareholders with a corporate update summarizing the past several months of activity since the company commenced oil and gas operations in the Permian Basin of west-central Texas. Since late December 2022, Wedgemount has raised over $3,000,000 in equity funding through a combination of private placements and warrant conversions, including the exercise of 11,611,000 [...]

Wedgemount Resources announces it intends to complete a non-brokered private placement of up to 588,235 units at CAD$0.17 per Unit for gross proceeds of up to CAD$100,000. Each Unit comprised of one common share in the capital of the Company and one transferable Common Share purchase warrant. Each Warrant entitles the holder to acquire one Common Share at CAD$0.30 for two years from the date of issuance, subject to an [...]

Wedgemount Resources Corp. announces that pursuant to National Instrument 51-102 - Continuous Disclosure Obligations , on May 23, 2023, D&H Group LLP, Chartered Professional Accountants , was asked to resign by the directors of the Company , as the Company's auditor, and the Board resolved to appoint Davidson & Company LLP, Chartered Professional Accountants , as the Company's successor auditor . Wedgemount's request of [...]

Wedgemount Resources Corp. , is pleased to announce that since of beginning of calendar 2023, the Company has received $886,000 in proceeds through the exercise of 8,886,000 warrants. The warrants were scheduled to expire in September 2023. Proceeds from the warrant exercises will be used to fund field activities and further acquisitions in the Company's core central Texas operating area. About Wedgemount Resources Corp [...]

Wedgemount Resources Corp. , announces it has closed the non-brokered private placement announced May 11, 2023, by issuing 5,375,000 units at CAD$0.17 per Unit for gross proceeds of CAD$913,750 . Each Unit entitled the holder to receive one common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant entitles the holder to acquire one Common Share at CAD$0.30 until May 19 [...]