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.
For further insights into TSE:WDGY stock, check out TipRanks’ Stock Analysis page.