Under the FT Offering, the Company issued 294,536 flow-through units (each a 'FT Unit') at a price of
Under the Non-FT Offering, the Company issued 2,352,000 units (each a 'Unit') at a price of
The Company intends to use the net proceeds from the Non-FT Offering as working capital for its properties as well as general administration and marketing expenses. The gross proceeds from the FT Offering will be used for expenditures which qualify as Canadian Exploration Expenses, within the meaning of the Income Tax Act (
In connection with the Offering, the Company paid a 7% finder's fee, with a total of
All securities issued under the Offering, including securities issuable on exercise thereof, are subject to a hold period expiring
About
Wedgemount is a junior mineral exploration company focused on maximizing shareholder value through the acquisition, discovery and advancement of high-quality copper - gold projects in
Contact:
Tel: (604) 343-4743
Email: info@wedgemountresources.com
Web: www.wedgemountresources.com
Reader Advisory
This news release may contain statements which constitute 'forward-looking information', including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include the Company's plans for exploration of the property and anticipated exploration results. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct exploration programs, successes of the Company's exploration programs, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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