On August 24, 2024, a news release was issued by Mark Vanry, in compliance with the early warning requirements of National Instrument 62-103 regarding the acquisition of debenture units of Wedgemount Resources Corp. On August 21, 2024, the Acquiror purchased 500 Debenture Units of the Issuer as part of a non-brokered private placement transaction, each comprising of $1,000 principal amount of 10% secured convertible redeemable debentures and common share purchase warrants. The Transaction resulted in gross proceeds of $500,000 to the Issuer.
Prior to the transaction, the Acquiror already held a significant number of common shares, options, and warrants of the Issuer. Upon full conversion of the acquired debentures and warrants, the Acquiror would hold an additional percentage of the total issued and outstanding Common Shares of the Company. The Acquiror reserves the right to acquire or dispose of additional securities of the Issuer in the future, subject to compliance with applicable securities laws and market conditions.
In accordance with NI 62-103, an Early Warning Report will be filed with regulatory authorities detailing the matters discussed in the news release. The report will be available with Wedgemount’s documents on SEDAR at www.sedarplus.ca. For more information, the original press release can be accessed at https://www.newsfilecorp.com/release/221065.
