Look at the capital stack of early-stage or growth-stage resource companies and it soon becomes apparent that their access to acquisition and resource development capital is generally limited to three approaches: Equity financing, Mezzanine financing, and Bank debt financing.
However, through its Reserve-backed Senior Secured Bond program Wedgewood Investment Group effectively opens a fourth approach to accessing capital that largely has been unavailable to these companies either because they were unrated credits or because the relatively smaller size of their proposed bond offerings generated little underwriter interest.