Wedgemount Resources Corp.

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 Corp. , 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 [...]

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 [...]

Wedgemount Resources Corp. , is pleased to provide a production update for the Company's west central Texas oil and gas operations. During February 2024, Wedgemount completed the majority of its planned '23/'24 capital expenditure programs on its Willowbend and Millican assets including chemical well stimulations and work-overs as well as surface facility improvements. Over the most recent seven-day period, with 19 of [...]

Wedgemount Resources Corp. , is pleased to announce that Mr. Steve Vanry, CFA, has been appointed as Chief Financial Officer of the Company. Mr. Vanry has 25 years of professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting and financial reporting. His [...]

Wedgemount Resources Corp. , is pleased to announce an update on its well stimulation and facility optimization programs for the Company's central Texas oil and gas assets. A total of twenty operating wells have been treated to date - thirteen of which have undergone reservoir stimulations, an additional six have had near wellbore chemical treatments and one injection well at the Willowbend asset has undergone multi-phase [...]

Wedgemount Resources Corp. , 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 December 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 [...]