Wedgemount Resources Announces Missed Semi-Annual Convertible Debenture Interest Payment

Core Points - Wedgemount Resources Corp. is unable to make the semi-annual interest payment of CAD$122,500 on its outstanding CAD$2.45 million, 10% Unsecured Convertible Debentures due in 2028 [1][2] - The missed payment is attributed to unexpected liquidity constraints caused by a shutdown of third-party gas gathering facilities and slower production growth at the Huggy leases, which negatively impacted revenues [2][3] - The CEO of Wedgemount expressed regret over the missed payment and acknowledged the concerns of Debenture holders, noting that the shutdowns forced the company to halt both oil and gas production [3] Company Overview - Wedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, development, and exploitation of oil and gas projects in Texas, USA [4]