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

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2024)

Wedgemount Resources Corp. (CSE: WDGY) (“Wedgemount” or the “Company”) is providing an 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. has been facing challenges in meeting the regulatory requirements set by the British Columbia Securities Commission. The management cease trade order has been issued due to the delay in filing the audited annual financial statements and related documents for the financial year ending July 31, 2024. The Company is actively working towards completing the Required Filings to ensure compliance with regulatory standards.

Impact on Individuals:

For individual investors or shareholders of Wedgemount Resources Corp., the management cease trade order may raise concerns regarding the financial stability and transparency of the Company. Delayed filings and regulatory issues can impact investor confidence and potentially affect the valuation of the Company’s stock in the market.

Impact on the World:

From a broader perspective, the update on Wedgemount Resources Corp.’s management cease trade order highlights the importance of regulatory compliance and financial transparency in the corporate world. Companies need to adhere to regulatory requirements to ensure accountability and trust among stakeholders, including investors, regulators, and the general public.

Conclusion:

As Wedgemount Resources Corp. works towards resolving the issues related to the management cease trade order, the Company’s efforts to complete the Required Filings demonstrate a commitment to meeting regulatory standards and ensuring transparency in its financial reporting. It is essential for companies to address regulatory challenges promptly to maintain investor confidence and uphold corporate integrity.