Wedge Energy International and Mongolia's Undur Tolgoi Minerals Complete Acquisition

Wedge Energy International Inc. of Orleans, Ontario, and Undur Tolgoi Minerals Inc. of Mongolia announced an arrangement for Wedge to acquire all of the outstanding shares of Undur Tolgoi Minerals and to amalgamate both companies to form a new company also named Undur Tolgoi Minerals Inc. (UTMI). UTMI is focused on the exploration, development and mining of mineral resources and reserves in Mongolia through its indirectly wholly-owned subsidiary, Novametal Resources LLC. Wedge Energy International engages in the identification, acquisition, evaluation, and exploration of oil and gas properties in Canada.

 

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