Wedgemount Proposes Interest Settlement and Plans Private Placement

Executive Summary

• Wedgemount Resources proposes to settle $129,950 of accrued interest on its 10% unsecured convertible debentures by issuing 2,599,000 common shares at a deemed price of $0.05 per share.
• The company also announces a non‑brokered private placement of up to 10 million units at CAD $0.05 per unit, targeting gross proceeds of up to CAD $500,000 for general working capital.
• Hold periods of 4 months and 1 day will apply to all shares issued under both the settlement and the private placement.

Key Details

• Interest Settlement Agreement – Settles August 2025 interest payment of $129,950 by issuing 2,599,000 common shares at $0.05/share.
• Future February 2026 Interest Payment – Company may elect to settle the same amount in shares; number of shares will be calculated using the market price on the business day before the payment date.
• Hold Period – Shares issued for both August and February payments are subject to a hold period expiring 4 months + 1 day after issuance, per CSE rules.
• Debenture Holder Participation – To date, holders of $1,832,000 principal have accepted the settlement proposal.
• Private Placement Offering – Up to 10,000,000 units at CAD $0.05/unit for total gross proceeds up to CAD $500,000.
• Unit Composition – Each unit consists of one common share and half of a non‑transferable warrant; two halves constitute one full warrant.
• Warrant Terms – Full warrant allows purchase of one common share at CAD $0.12 for two years from issuance date.
• Finder’s Fees – 7% cash commission on total proceeds plus 7% of warrants on units sold by the finder, payable to qualified non‑related parties.
• Use of Proceeds – Net proceeds will be used for general working capital purposes.
• Hold Period for Private Placement – All securities issued (including those issuable upon warrant exercise) are subject to a hold period of 4 months + 1 day after issuance.

Notable Quotes

“The proposed settlement and private placement provide us with the necessary flexibility to manage our capital structure while supporting ongoing operational initiatives,” – Mark Vanry, President and CEO.