Wedge Energy inks $400K agreement with two investors

OBJ Staff
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Junior mining firm Wedge Energy International (CNSX:WEG) has signed an agreement with two investors where they will purchase an aggregate of $400,000 of principal amount in convertible notes.

(Stock image)

The notes can be converted to eight million common shares at a price of $0.05 a share, maturing on Nov. 30.

The Ottawa company has undergone several changes in the past few weeks, between an announced acquisition of Targetco, a firm that works in the Middle East, and the resignation of its former chief executive, Robin Dow.

Wedge recently extended the acquisition date to Aug. 21, although the original date was not disclosed.

See also: Wedge issues new letter of intent for acquisition

Geographic location: Ottawa, Middle East

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