Wedgemount Resources Settles Secured Debt with Unit Issuance
July 28, 2026 — Leads & Copy — Wedgemount Resources Corp. (CSE: WDGY) (FSE: 8H5) has entered into a debt settlement agreement to satisfy $275,000 USD (approximately $385,550 CAD) of secured debt owed to certain creditors. The company will issue 4,819,375 units at $0.08 per unit to settle the debt, preserving cash for working capital.
Each debt unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant will be exercisable for one common share at $0.12 for two years from the issuance date. The issuance of these units is subject to approval by the Exchange, and all securities will have a four-month hold period.
The creditors are not related parties, meaning the settlement is not considered a related party transaction under Multilateral Instrument 61-101. Wedgemount Resources is an emerging energy company focused on acquiring and advancing projects in the southern United States.
Source: Wedgemount Resources Corp.
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