Wedge Energy International Inc.

Wedge Energy International Inc.

April 02, 2007 08:30 ET

Wedge Energy International Inc.: $2,332,500 Private Placements Close

ORLEANS, ONTARIO--(CCNMatthews - April 2, 2007) - Wedge Energy International Inc. announced today the issuance of an aggregate of 148,000 flow-through common shares at a price of $1.25 per share for gross proceeds of $185,000 and an aggregate of 2,147,500 units at a price of $1.00 per unit for gross proceeds of $2,147,500 through recent financing activities. Each of the foregoing units is comprised of one common share and one half of one warrant, with each whole warrant be exercisable into one common share at an exercise price of $1.25 on or before March 1, 2009. Insider purchasers included Robin Dow, who purchased 40,000 flow-through shares ($50,000) and 25,000 Units ($25,000).

Contact Information

  • Wedge Energy International Inc.
    Robin B. Dow
    613-834-8166 (FAX)