Mr. Mark Vanry reports
WEDGEMOUNT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Wedgemount Resources Corp. intends to complete a non-brokered private placement of up to 10 million common shares at five cents per share for gross proceeds of up to $500,000.
The company intends to use approximately one-half of the net proceeds from the offering for marketing and the balance for general working capital purposes.
All securities issued under the offering will be subject to a hold period expiring four months and one day after issuance,
in accordance with the rules and policies of the exchange and applicable Canadian securities laws.
Certain insiders of the company may participate in the offering. The extent of such participation has not yet been determined.
Completion of the offering is subject to customary conditions and the receipt of all necessary approvals.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, development and exploitation of natural resource projects in Texas.
We seek Safe Harbor.
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