Wedgemount Resources (TSE:WDGY) has released an update.
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Wedgemount Resources Corp. successfully completed the first tranche of its private placement, raising $1.615 million through the sale of convertible debenture units. These units include warrants and debentures, which bear interest at 10% per annum and are convertible into common shares. The funds raised are earmarked for the acquisition of assets and optimization of the company’s oil and gas operations.
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