Wedgemount Announces Option Grant

Rhea-AI Summary

Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) approves the grant of incentive stock options to acquire up to 700,000 common shares at $0.08 per Option, exercisable for a five-year term. Common Shares issued will be subject to a four-month hold period.

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2023) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company"), announces it has approved the grant of incentive stock options (each, an "Option") to acquire up to 700,000 common shares in the capital of the Company (each a "Common Share"). The Options are exercisable for a five-year term expiring on December 15, 2028, at a price of $0.08 per Option. Any Common Shares issued pursuant to the exercise of the Options, will be subject to a four month hold period expiring on April 16, 2024, unless waived by the Canadian Securities Exchange.

About Wedgemount Resources Corp.

Wedgemount Resources is a junior natural resources company focused on maximizing shareholder value through the acquisition, development and exploitation of oil and gas leases in Texas, USA.

On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.

Mark Vanry, President and CEO

For more information, please contact the Company at:
Telephone: (604) 343-4743
info@wedgemountresources.com
www.wedgemountresources.com

Reader Advisory

This 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. 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, fluctuations in market prices, successes of the operations of the Company, continued 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.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/191191

FAQ

What did Wedgemount Resources Corp. announce?

Wedgemount Resources Corp. announced the approval of the grant of incentive stock options to acquire up to 700,000 common shares.

What is the ticker symbol for Wedgemount Resources Corp.?

The ticker symbols for Wedgemount Resources Corp. are CSE: WDGY and OTCQB: WDGRF.

How many common shares can be acquired through the incentive stock options?

Up to 700,000 common shares can be acquired through the incentive stock options.

What is the exercise price for the options?

The exercise price for the options is $0.08 per Option.

How long is the term for the options?

The options are exercisable for a five-year term expiring on December 15, 2028.

What is the hold period for the Common Shares issued through the exercise of the Options?

The Common Shares issued will be subject to a four-month hold period expiring on April 16, 2024, unless waived by the Canadian Securities Exchange.