Wedgemount Resources Corp. entered into a Purchase and Sale Agreement to acquire Additional Central Texas Oil and Gas Assets for $0.65 million on August 23, 2023. Total consideration of $0.65 million comprised of $0.5 million cash and a 10%, 24-month take back loan of $0.6 million.

Non-dilutive to WDGY shareholders as purchase will be financed with cash on hand and VTB loan. Wedgemount expects to close the proposed transaction as outlined in the PSA on or before October 31, 2023.