Wedgemount Resources Closes Permian Basin Asset Acquisition
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces that it has closed its recently disclosed (refer to press release dated August 23, 2023) TCS light oil acquisition (the "Assets") located in the Permian Basin of west central Texas, USA. The Company completed a payment to the arm's length vendor (the "Seller") of US$50,000 and signed a US$600,000 vendor take back loan ("VTB") for a...
2023-11-01 8:30 AM EDT
Wedgemount Announces Largest Production Enhancement Program to Date
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce commencement of a large scale production enhancement program, including both chemical reservoir stimulations and extensive improvements to surface facilities for its central Texas oil and gas assets.Reservoir stimulations will initially be conducted on fifteen of the Company's operating wells, with the goal of...
2023-10-17 8:30 AM EDT
Wedgemount Announces Warrant Exercise and Increased Cash Balance
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces that a total of 12,616,000 common share purchase warrants (the "Warrants") with an exercise price of C$0.10 were exercised prior to expiry on September 21, 2023. The exercises resulted in gross proceeds of C$1,261,600. Wedgemount's current cash balance has increased to approximately C$1.2 million.Post the exercise of the...
2023-09-27 8:30 AM EDT
Wedgemount Resources to Acquire Additional Central Texas Oil and Gas Assets
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce that it has entered into a Purchase and Sale Agreement ("PSA") for the acquisition of additional oil and gas assets (the "Assets") located in the Permian Basin of west central Texas. The PSA is with an arm's length private company (the "Seller") located in Texas, USA. Highlights: 1200 acres including 9 oil...
2023-08-23 9:26 AM EDT
Wedgemount Resources Announces Closing of Private Placement and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to provide shareholders with a corporate update summarizing the past several months of activity since the company commenced oil and gas operations in the Permian Basin of west-central Texas. Since late December 2022, Wedgemount has raised over $3,000,000 in equity funding through a combination of private placements and warrant...
2023-07-20 8:30 AM EDT
Wedgemount Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company") announces it intends to complete a non-brokered private placement of up to 588,235 units (each a "Unit") at CAD$0.17 per Unit for gross proceeds of up to CAD$100,000 (the "Offering"). Each Unit comprised of one (1) common share in the capital of the Company (each a "Common Share") and one (1) transferable Common Share purchase warrant (each a...
2023-07-11 4:28 PM EDT
Wedgemount Resources Announces Change of Auditor
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company") announces that pursuant to National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"), on May 23, 2023, D&H Group LLP, Chartered Professional Accountants ("D&H"), was asked to resign by the directors of the Company (the "Board"), as the Company's auditor, and the Board resolved to appoint Davidson & Company LLP, Chartered...
2023-05-25 3:29 PM EDT
Wedgemount Receives More Than $850,000 in Warrant Exercise Proceeds
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), 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 Company's core central Texas...
2023-05-24 8:30 AM EDT
Wedgemount Resources Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it has closed the non-brokered private placement announced May 11, 2023, by issuing 5,375,000 units (each a "Unit") at CAD$0.17 per Unit for gross proceeds of CAD$913,750 (the "Offering"). Each Unit entitled the holder to receive one (1) common share in the capital of the Company (each a "Common Share") and one (1) transferable Common...
2023-05-19 3:44 PM EDT
Wedgemount Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it intends to complete a non-brokered private placement of up to 4,794,118 units (each a "Unit") at CAD$0.17 per Unit for gross proceeds of up to CAD$815,000 (the "Offering"). Each Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") and one (1) transferable Common Share purchase warrant (each...
2023-05-11 8:30 AM EDT
Wedgemount Commences Initial Well Workover Program
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), 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 well productivity. Since the...
2023-05-09 8:30 AM EDT
Wedgemount Announces Option Grant
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it has approved the grant of incentive stock options (each, an "Option") to acquire up to 475,000 common shares in the capital of the Company (each a "Common Share"). 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...
2023-04-25 10:38 PM EDT
Wedgemount Announces Five-Fold Increase in Daily Production
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), 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 (the "Projects"). As of April 24, 2023, the Company's total field production had increased to 153 boepd. This represents a five-fold increase since the...
2023-04-25 8:30 AM EDT
Wedgemount Announces Closing of Final Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it has closed the second and final tranche of a non-brokered private placement announced March 28, 2023, by issuing 708,224 units (each a "Unit") at CAD$0.17 per Unit for gross proceeds of CAD$120,398 (the "Offering"). Each Unit entitled the holder to receive one (1) common share in the capital of the Company (each a "Common Share")...
2023-04-20 5:30 PM EDT
Wedgemount Resources Announces Closing of Willowbend Permian Basin Asset Acquisition
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), 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 (the "Assets") (announced October 27, 2022 and December 19, 2022). Having completed payments totalling US$1,500,000, Wedgemount, through its wholly owned Texas subsidiary Wedgemount Texas...
2023-04-03 8:30 AM EDT
Wedgemount Resources Closes Permian Basin Asset Acquisition and Financing
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces that it has closed its recently announced Millican light oil (the "Assets") acquisition (see press release dated March 21, 2023) 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...
2023-03-28 8:30 AM EDT
Wedgemount Resources to Acquire Additional Texas Permian Basin Oil and Gas Assets
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce that it has entered into a Purchase and Sale Agreement ("PSA") for the acquisition of additional oil and gas assets (the "Assets") located in the prolific Permian Basin of west central Texas. The PSA is with an arm's length private company (the "Seller") located in Texas, USA. Highlights: 2000 acres including 7 oil...
2023-03-21 8:30 AM EDT
Wedgemount Announces Further Gains in Permian Basin Oil Production Update
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce additional updated production results from the Willowbend light oil project, located in the Permian Basin of Central Texas (the "Project" or "Willowbend"). 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...
2023-02-22 8:30 AM EST
Wedgemount Makes Second Payment on Willowbend Property, Raises US$400,000 Through Loan from Director
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces that it has completed the second of three payments in connection with the acquisition of certain West Texas, Permian Basin, oil and gas production assets (the "Project") (announced October 27, 2022 and December 19, 2022). The Company has made payments totalling US$750,000 and has one final payment of US$750,000 due on or before...
2023-02-21 4:05 PM EST
Wedgemount Announces Permian Basin Oil Production Update
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), is pleased to announce initial well production results from the Willowbend light oil project in the Permian Basin of central Texas. On January 23, 2023, three wells including the McBeth-2, McBeth-5 and Davis-3 underwent well and formation chemical treatments. Prior to the treatments, the three wells were flowing at a combined rate of 10...
2023-02-14 8:30 AM EST