Wedgemount Resources Corp. announced a non-brokered private placement of up to 4,794,118 units at a price of CAD 0.17 per unit for the aggregate gross proceeds of CAD 815,000 on May 11, 2023. Each unit is comprised of one common share in the capital of the company and one transferable common share purchase warrant.

Each warrant entitles the holder to acquire one common share at CAD 0.30 for two years from the date of issuance, subject to an accelerated expiry provision, whereby in the event the closing price of the company's common shares on the Canadian Securities Exchange exceeds CAD 0.60 for a period of 20 consecutive trading days, at the company's election, the period within which the warrants are exercisable, will be reduced and the holders of the warrants will be entitled to exercise their Warrants for a period of 30 days commencing on the day the company provides notice, any outstanding warrants not exercised during the 30 day period will expiry.