Wedgemount Announces Passing of Director, Upsized Private Placement Closing, & RSU Grants

• On 7 Apr 2026 Wedgemount announced the closing of a non‑brokered private placement that raised $1,250,000 by issuing 25 million common shares at $0.05 each.
• The net proceeds (after $16,520 finder’s fees) are earmarked for marketing, field‑operations expansion and general working capital.
• The board disclosed the death of independent director Cody I. Campbell; a search for his replacement will commence.
• An equity compensation package of 1 million RSUs was approved for senior officers, vesting on 7 Aug 2026 (subject to a four‑month hold period).

• The financing is an upsized continuation of the placement series announced in March 2026 (initially $500k, later increased to $1.25 M). The market already anticipated additional capital; therefore the news is routine, not a surprise.
• Use of proceeds remains unchanged – marketing and operational cash needs – providing modest short‑term liquidity but no new strategic shift.
• The RSU grant dilutes shareholders marginally (≈1 % of existing shares) and aligns management incentives; again, an expected corporate governance action.
• Director death is a board‑level event with limited immediate operational impact; the board will replace the seat in due course.

Overall, the announcement confirms prior financing expectations and adds routine compensation and governance updates – a materially neutral to slightly positive effect on valuation.

Wedgemount Resources Corp. is an early‑stage oil & gas explorer focused on Permian Basin assets in West‑Central Texas. The company’s primary operational metric is short‑term well test production; recent 24‑hour tests reported ≈841 BOE/D, with plans to increase uptime via chemical treatments, workovers and surface‑facility upgrades.