Wilton Resources Inc. Announces Closing of Oversubscribed Private Placement Financing

Executive Summary

• Wilton Resources Inc. closed its non‑brokered private placement, raising $1,152,400 in gross proceeds, exceeding the previously announced target of up to $1,000,000.
• The offering consisted of 3,292,571 units priced at $0.35 each; each unit includes one common share and one warrant exercisable at $0.40 for 24 months.
• Proceeds will be used for general corporate purposes and as a reserve to pursue the acquisition of an international oil‑and‑gas property.

Key Details

• Units Issued: 3,292,571 units at $0.35 per unit → total gross proceeds $1,152,400.
• Unit Composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.40, 24‑month term).
• Finder Compensation:
• Cash fee equal to 7.0% of aggregate proceeds from subscribers introduced by finders → $57,061.
• Finder warrants equal to 7.0% of units issued to those subscribers → 163,030 finder’s warrants (exercise price $0.40, 24‑month term).
• Statutory Hold Period: All common shares, warrants and finder’s warrants are subject to a four‑month plus one‑day hold period, ending July 19 2026.
• Use of Proceeds: General corporate purposes; reserve for potential acquisition of an international oil & gas property.
• Pricing Terms: Units priced at $0.35; warrant exercise price set at $0.40 per common share.

Notable Quotes

(No executive quotes were included in the release.)