Wedgemount Closes First Tranche of Private Placement and Provides Corporate Update

Core Points - Wedgemount Resources Corp. has successfully closed the first tranche of its private placement financing, raising gross proceeds of CAD$107,500 from the issuance of 2,150,000 units at a price of CAD$0.05 per unit [1][2] - Each unit consists of one common share and one half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at CAD$0.12 for two years [2] - The company plans to use the net proceeds from the offering for general working capital purposes [4] Financial Details - The first tranche of the offering raised CAD$107,500, which is part of a larger financing plan of up to CAD$500,000 [1][2] - The common shares and warrants issued are subject to a statutory hold period of approximately four months, ending on March 6, 2026 [3] - The company may pay finder's fees of 7% in cash and 7% in warrants to qualified non-related parties for the total proceeds raised [4] Stock Options - The company granted 1,550,000 stock options to directors, officers, and consultants, exercisable for up to three years at a price of CAD$0.05 per share [5]