Breaking News: Wedgemount Resources Corp. Issues Second Management Cease-Trade Order Update

Vancouver, British Columbia–(Newsfile Corp. – December 27, 2024) –

Wedgemount Resources Corp. (CSE: WDGY) (“Wedgemount” or the “Company”) is providing a second update with respect to its previously announced management cease trade order (“MCTO”) issued by the Company’s principal regulator, the British Columbia Securities Commission (the “BCSC”), on November 29, 2024. The Company and its auditors continue to work diligently to file the audited annual financial statements and related management’s discussion and analysis for the financial year ended July 31, 2024 and the associated certifications of the Company’s Chief Executive Officer and Chief Financial Officer (collectively the “Required Filings”) as soon as they are available, but in any event no later than January 27, 2024.

Wedgemount Resources Corp. is facing challenges with the management cease-trade order issued by the British Columbia Securities Commission. This order prohibits the trading of the Company’s securities by its management until the Required Filings are submitted by the deadline. The company and its auditors are working tirelessly to complete the necessary documents and certifications to comply with regulatory requirements.

How Will This Affect Me?

As an investor or stakeholder in Wedgemount Resources Corp., this news may affect you directly. The management cease-trade order can impact the trading of the Company’s securities, potentially affecting the value of your investment. It is important to stay informed on the latest developments and to monitor the situation closely.

How Will This Affect the World?

While the implications of Wedgemount Resources Corp.’s management cease-trade order may be more localized to the financial markets and regulations in British Columbia, it serves as a reminder of the importance of transparent financial reporting and compliance with regulatory standards in the global business landscape. Companies worldwide must uphold ethical practices and accountability to maintain trust and stability in the marketplace.

Conclusion

In conclusion, Wedgemount Resources Corp.’s second management cease-trade order update highlights the significance of timely and accurate financial reporting in the business world. Transparency and adherence to regulatory requirements are crucial for maintaining investor confidence and ensuring the integrity of the financial markets. It is essential for companies to address any issues promptly and work towards resolving them to uphold their credibility and reputation.