Wedgemount Resources Corp (CSE:WDGY, OTCQB:WDGRF) announced that it is unable to make the semi-annual interest payment scheduled for August 25, 2025, on its C$2.45 million outstanding, 10% Unsecured Convertible Debentures maturing in 2028.
The missed interest payment, totaling C$122,500, is the result of unexpected liquidity constraints resulting from a shutdown of third-party gas gathering facilities in Wedgemount’s core area and slower-than-anticipated growth in production at the Huggy leases, which together negatively impacted revenues.