Copy
Wedgemount Resources Closes Second Tranche of Private Placement
Vancouver, BC — June 17, 2025 — NewsWall — Wedgemount Resources Corp. has closed the second tranche of its previously announced non-brokered, $780,000 private placement.
The Company issued 3,846,323 units at CAD$0.065 per Unit for gross proceeds of CAD$250,011. Each Unit entitles the holder to receive one common share and one-half of one transferable common share purchase warrant. Each whole Warrant entitles the holder to acquire one Common Share at CAD$0.12 until June 12, 2027.
In connection with the Offering, the Company issued a total of 12,157,640 units for gross proceeds of $790,247, paid finder’s fees of CAD$26,043, and issued 400,660 finder warrants to eligible finders. The Finder Warrants are exercisable at $0.12 until May 26, 2027.
The Company intends to use the net proceeds from the Offering for general working capital purposes.
Securities issued under the second tranche of the Offering are subject to a hold period expiring October 13, 2025.
Mark Vanry, President and CEO
Contact: Telephone: (604) 343-4743, info@wedgemountresources.com
Source: Wedgemount Resources Corp.