Wilton Resources arranges $1-million private placement

Executive Summary

• Wilton Resources Inc. announced a non-brokered private placement to issue up to 2,857,143 units at $0.35 per unit, raising maximum gross proceeds of $1 million.
• Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.40 per share for 24 months.
• Proceeds are designated for general corporate purposes and as a reserve to pursue the acquisition of an international oil and gas property.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Unit Composition: One common share and one common share purchase warrant per unit.
• Purchase Price: $0.35 per unit.
• Maximum Quantity: 2,857,143 units.
• Gross Proceeds: Maximum of $1,000,000.
• Warrant Terms:
  • Exercise Price: $0.40 per warrant share.
  • Duration: 24 months immediately following the closing date.
  • Right: Entitles holder to acquire one additional common share per warrant.
• Use of Proceeds: General corporate purposes and reserve for the acquisition of an international oil and gas property.
• Closing Date: Expected on or about March 20, 2026, or such other date as determined by the corporation.
• Regulatory Conditions: Subject to receipt of all necessary regulatory approvals, including TSX-V approval. Note: TSX-V has not approved the offering price or exercise price; these remain subject to change.
• Statutory Hold: Common shares, warrants, and underlying shares are subject to a statutory hold period of four months plus one day from the closing date.
• Insider Participation: Certain insiders may participate, constituting a related-party transaction under Multilateral Instrument 61-101. The corporation intends to rely on exemptions from formal valuation and minority approval requirements, asserting the fair market value of the related-party portion does not exceed 25% of the corporation's market capitalization.
• Fees: The corporation may pay commissions, finder's fees, or similar payments to arm's-length parties (cash, securities, or asset interests), with further disclosure to follow in a separate news release.
• Board Approval: Approved by unanimous resolution of the board of directors.