On December 21, 2022, Wedgemount Resources Corp. closed the transaction. The company issued 3,652,500 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 730,500.

The warrants are exercisable until December 21, 2024. The company paid finders' fees of CAD 14,350 and issued 71,750 finder warrants exercisable at CAD 0.30 until December 21, 2024. All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring April 22, 2023, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws.

The company has raised CAD 20,000 by issuing 100,000 units to one investor pursuant to the exemption provided under Regulation D.