Wedgemount Resources Corp. announces that pursuant to National Instrument 51-102 - Continuous Disclosure Obligations , on May 23, 2023, D&H Group LLP, Chartered Professional Accountants , was asked to resign by the directors of the Company , as the Company's auditor, and the Board resolved to appoint Davidson & Company LLP, Chartered Professional [...]
Wedgemount Resources Corp. , is pleased to announce that since of beginning of calendar 2023, the Company has received $886,000 in proceeds through the exercise of 8,886,000 warrants. The warrants were scheduled to expire in September 2023. Proceeds from the warrant exercises will be used to fund field activities and further acquisitions in the [...]
Wedgemount Resources Corp. , announces it has closed the non-brokered private placement announced May 11, 2023, by issuing 5,375,000 units at CAD$0.17 per Unit for gross proceeds of CAD$913,750 . Each Unit entitled the holder to receive one common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant [...]
Wedgemount Resources Corp. , announces it intends to complete a non-brokered private placement of up to 4,794,118 units at CAD$0.17 per Unit for gross proceeds of up to CAD$815,000 . Each Unit is comprised of one common share in the capital of the Company and one transferable Common Share purchase warrant . Each Warrant entitles the holder to [...]
Wedgemount Resources Corp. , is pleased to announce the commencement of the Company's initial Permian Basin well workover program. Workovers will be completed on a minimum of six producing Willowbend and Millican wells. The goal of the program is to optimize well pump performance, post the recently completed chemical treatments to further enhance [...]
Wedgemount Resources Corp. , announces it has approved the grant of incentive stock options to acquire up to 475,000 common shares in the capital of the Company . The Options are exercisable for a five-year term expiring on April 25, 2028, at a price of $0.17 per Option. The Options are subject to vesting provisions, with 1/4 vesting 3 months from [...]
Wedgemount Resources Corp. , is pleased to announce updated production results from the Company's Willowbend project and newly acquired Millican light oil project, both located in the Permian Basin of Central Texas . As of April 24, 2023, the Company's total field production had increased to 153 boepd. This represents a five-fold increase since the [...]
Wedgemount Resources Corp. , announces it has closed the second and final tranche of a non-brokered private placement announced March 28, 2023, by issuing 708,224 units at CAD$0.17 per Unit for gross proceeds of CAD$120,398 . Each Unit entitled the holder to receive one common share in the capital of the Company and one transferable Common Share [...]
Wedgemount Resources Corp. , is pleased to announce that it has closed its acquisition of certain West Texas, Permian Basin, oil and gas production assets know as the Willowbend assets . Having completed payments totalling US$1,500,000, Wedgemount, through its wholly owned Texas subsidiary Wedgemount Texas Corp. , has assumed a 100% working [...]
Wedgemount Resources Corp. , announces that it has closed its recently announced Millican light oil acquisition located in the Permian Basin of west central Texas, USA. The Company completed a payment to the arm's length vendor of USD$160,000 for a 100% working interest in the Assets, subject to a 19% underlying royalty. The vendor has relinquished [...]
Wedgemount Resources Corp. , is pleased to announce that it has entered into a Purchase and Sale Agreement for the acquisition of additional oil and gas assets located in the prolific Permian Basin of west central Texas. The PSA is with an arm's length private company located in Texas, USA. Highlights: 2000 acres including 7 oil leases adjacent to [...]
Wedgemount Resources Corp. , is pleased to announce additional updated production results from the Willowbend light oil project, located in the Permian Basin of Central Texas . As of February 16, 2023, the five-day average Willowbend field production was 104 boepd, which represents a significant increase from the Q4 2022 average of 25 boepd. To [...]
