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Financings

Wedgemount Announces Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Mar 24, 2026 · 16:35 WDGY · 0.045 Wedgemount Resources Corp.
WDGY · Price

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.)

Read the original news release →

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