OTTAWA, ONTARIO -- (MARKET WIRE) -- 07/12/08 -- Wedge Energy International Inc. ("WEG" or the "Company")(CNQ: WEGI) is pleased to announce the completion, after the close of business on July 11, 2008, of the private placement of $85,000 through the issuance of 425,000 Flow-Through Units at $0.20 per Unit. Each Unit consists of one flow-through common share and one warrant to purchase a flow-through common share for $0.30 per share exercisable on or before July 15, 2010.The Company also announced the completion, after the close of business on July 11, 2008, of the private placement of $25,000 through the issuance of 125,000 Units at $0.20 per Unit. Each Unit consists of one common share and one warrant to purchase a common share for $0.30 per share exercisable on or before July 15, 2010.
The common shares and warrants and Flow-Through shares and warrants are subject to hold periods expiring on November 15, 2008.
"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The CNQ has not approved or disapproved of the information contained in this Press Release."
Contacts:
Robin Dow
1-888-834-7708
Email: robin@dowgroup.ca
BAY STREET CONNECT: Gus Garisto
1-416-607-6023
email: gus@baystreetconnect.com
