Wedgemount Announces Non-Brokered Private Placement

Executive Summary

• Wedgemount Resources Corp. announced a non‑brokered private placement of up to 10 million common shares at CAD 0.05 per share, targeting gross proceeds of up to CAD 500,000.
• Approximately half of the net proceeds are earmarked for marketing activities; the remainder will support general working capital.
• Shares issued will be subject to a hold period of 4 months and 1 day, and insiders may participate pending determination.

Key Details

• Offering Size: Up to 10,000,000 common shares.
• Price per Share: CAD 0.05.
• Gross Proceeds Target: CAD 500,000.
• Use of Proceeds: ~50% for marketing; 50% for general working capital.
• Hold Period: Shares subject to a lock‑up expiring 4 months + 1 day after issuance, per exchange rules and Canadian securities law.
• Insider Participation: Certain insiders may participate; exact participation levels not yet determined.
• Conditions: Completion subject to customary conditions and receipt of all required approvals.

Notable Quotes

(No executive quotes were provided in the release.)