Wedgemount Resources Corp. , announces that it has completed the first of three payments in connection with the definitive agreement to acquire certain West Texas, Permian Basin, oil and gas production assets . The Company completed a payment to the arm's length vendors of US$250,000 with additional payments of US$500,000 and US$750,000 scheduled to meet closing conditions of the Transaction. On closing of the [...]
Wedgemount Resources Corp. , is pleased to announce that Mr. Richard Naden has been retained as a Senior Petroleum Advisor to the Company, to consult on matters related to oil and gas production, exploitation and enhanced recovery for the Company's Permian Basin focused US Subsidiary, Wedgemount Texas Corp. Mark Vanry, President and CEO of Wedgemount comments, "We couldn't be more pleased to have Richard join the [...]
Wedgemount Resources Corp. is pleased to announce it has closed the non-brokered private placement announced on December 19, 2022 by issuing 3,652,500 units at CAD$0.20 per Unit for gross proceeds of $730,500 . Each Unit entitles 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 [...]
Wedgemount Resources Corp. , is pleased to announce the signing of a Definitive Agreement , replacing the non-binding letter of intent announced October 27, 2022 for the acquisition of oil and gas assets located in the prolific Permian Basin of West-Central Texas. Highlights of the Assets: Premier location in the Permian Basin of West-Central Texas - North America's #1 oil producing region Partnered with San Antonio based [...]
Wedgemount Resources Corp. , announces that it has made application to the Canadian Securities Exchange , to extend the term of 1,383,748 common share purchase warrants that were issued under the Company's private placement of units completed on July 9, 2021, that were set to expire on January 9, 2023. The Warrants have exercise prices of $0.70 and $0.85 per common share and there are 1,236,480 and 147,268 respectively [...]
Wedgemount Resources Corp. , is pleased to announce that Derek Stonehouse has been retained by the Company to provide consulting services in the role of Senior Geoscientist. Mr. Stonehouse will assist the Company with technical matters related to its proposed oil and gas acquisition located in the prolific Permian Basin of West Texas. Mark Vanry, President and CEO of Wedgemount comments, "We're extremely pleased to have [...]
Wedgemount Resources Corp. , is pleased to announce that it has entered into an assignment of a non-binding letter of intent for the purchase of oil and gas assets located in the prolific Permian Basin of west Texas. The LOI is with an arm's length private company located in Texas, USA. The assignor is a private company also located in Texas that provides oil field and consulting services . Highlights: Building a new [...]
Wedgemount Resources Corp. , is pleased to announce the commencement of its 2022 field exploration program at its road accessible Friendly Lake copper-gold property in south-central British Columbia. The Friendly project is located approximately 100km north of the city of Kamloops, BC and lies within the productive mineral belt of the Quesnel Trough, host of many of British Columbia's alkalic copper‐gold porphyry [...]
Wedgemount Resources Corp. , is pleased to announce that commencing market open on February 9, 2022, its common shares will be listed for trading on the OTCQB® Venture Market under the trading symbol WDGRF. Wedgemount's President and CEO, Mr. Mark Vanry, comments, "We are very excited to provide this platform to our existing and prospective U.S. shareholders. The OTCQB listing is an important milestone for Wedgemount and [...]
Wedgemount Resources Corp. , is pleased to update shareholders on results to date on the Company's Phase 1 2021 field exploration program at the Friendly Lake copper-gold property in south-central British Columbia. Friendly was the Company's third copper-focused exploration program of the 2021 exploration season. Highlights: Expanded zones of porphyry-related copper and gold mineralization: Areas with abundant coarse [...]
Wedgemount Resources Corp. , announces that it has amended the terms of the option agreement signed in September 2020 with ArcWest Exploration Inc. for its Eagle Property . Pursuant to the Agreement, exploration expenditures of $250,000 were required on the Property prior to December 31, 2021, which has been completed, as well as a minimum 1000 meters of exploration drilling . Wedgemount and ArcWest have agreed to extend [...]
Wedgemount Resources Corp. , is pleased to announce preliminary results from its first induced polarization survey at the Company's road accessible Eagle copper - gold project, located in the highly prospective Quesnel trough copper - gold porphyry belt of central British Columbia. Key Highlights: The IP survey included 20.5 line kilometres covering an area of approximately 8.75 km2; focused on the 3.5 kilometre long [...]