Wedgemount Announces Option Grant
Rhea-AI Summary
Wedgemount Resources (CSE: WDGY) (OTCQB: WDGRF) has announced the approval of stock options grant. The company has granted options to acquire up to 800,000 common shares at an exercise price of $0.10 per option. The options have a five-year term, expiring on March 4, 2030. Any common shares issued through the exercise of these options will be subject to a four-month hold period until July 5, 2025, unless waived by the Canadian Securities Exchange.
Positive
- Options grant helps align management interests with shareholders
- 5-year option term provides long-term incentive structure
Negative
- Potential shareholder dilution of 800,000 shares if options are exercised
News Market Reaction 1 Alert
On the day this news was published, WDGRF declined 13.77%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2025) - Wedgemount Resources Corp. (CSE: WDGY) (OTCQB: WDGRF) ("Wedgemount" or the "Company") announces it has approved the grant of stock options (each, an "Option") to acquire up to 800,000 common shares in the capital of the Company (each a "Common Share"). The Options are exercisable for a five-year term expiring on March 4, 2030, at a price of
About Wedgemount Resources Corp.
Wedgemount Resources is a junior oil & gas company focused on maximizing shareholder value through the acquisition, development and exploitation of natural resource projects in the southern 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, 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.
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/243368
FAQ
How many stock options did Wedgemount Resources (WDGRF) grant in March 2025?
What is the exercise price for Wedgemount Resources' (WDGRF) March 2025 stock options?
When do Wedgemount Resources' (WDGRF) March 2025 stock options expire?
What is the hold period for Wedgemount Resources' (WDGRF) newly issued stock options?
