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Vancouver, BC TheNewswire - April 7, 2026 Wedgemount Resources Corp. (CSE: WDGY) ("Wedgemount" or the "Company"), announces with deep sadness the passing of Mr. Cody I. Campbell, Indpendent Non-Executive Director of the Company, on March 6, 2026.
ĀCody, aged 43, had been serving as an Independent Director of the Company since its founding in 2020. Mr. Campbell's extensive experience working with junior natural resource companies provided great value and guidance to the entire Wedgemount team. Ā
ĀThe Board expresses its sincere condolences to Cody's family and extends its deepest sympathy during this trying time.
ĀFollowing Mr. Campbell's passing, the Company will initiate the process to identify and appoint a suitable candidate to fill the position.
ĀClosing of Private Placement
ĀThe Company also announces Ā it has closed its previously announced $1,250,000, non-brokered, private placement (the "Offering").
ĀPursuant to the closing, the Company issued 25,000,000 Common Shares (each a "Share") at $0.05 per Share for gross proceeds of $1,250,000 (the "Offering"). In connection with the Offering, the Company paid finder's fees of $16,520.
ĀThe Company intends to use the net proceeds from the Offering for marketing, expansion of field operations and general working capital purposes.
ĀSecurities issued under the the Offering, are subject to a hold period expiring August 7, 2026, in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws.
Ā ĀGrant of Equity Compensation
ĀThe Company further announces that, pursuant to its Equity Compensation Plan (the "Plan"), it has approved the grant of an aggregate of 1,000,000 restricted share units ("RSUs") to certain executive officers of the Company (the "Equity Grant").
ĀEach RSU entitles the holder to receive, upon vesting, one Common Share, a cash payment, or a combination thereof ("Settled"), at the discretion of the Board of Directors, in accordance with the terms of the Plan and for no additional consideration. The RSUs vest on August 7, 2026.
ĀAny Common Shares issued pursuant to the RSU's, will be subject to a four month hold period expiring on August 8, 2026.
ĀAbout Wedgemount Resources Corp.
ĀWedgemount Resources is a junior oil and gas company focused on maximizing shareholder value through the acquisition, discovery and advancement of natural resource projects in North America.
ĀOn behalf of the Board of Directors,
ĀMark Vanry, President and CEO
ĀFor more information, please contact the Company at:
Telephone: Ā Ā Ā Ā Ā (604) 343-4743Ā
ĀReader Advisory
ĀThis 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 proposed use of the proceeds of the Offering. 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 or development programs, successes of the Company's exploration efforts, 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.
ĀNeither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Ā ĀNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Ā Ā Ā Ā Ā Ā ĀCopyright (c) 2026 TheNewswire - All rights reserved.
