Wilton Resources arranges $1-million private placement

Executive Summary

• Wilton Resources Inc. announced a non-brokered private placement offering up to 3,333,333 units at $0.30 per unit, targeting maximum gross proceeds of $1 million.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.40 per share for 24 months post-closing.
• Proceeds are designated for general corporate purposes and as a reserve to pursue the acquisition of an international oil and gas property.

Key Details

• Offering Structure: Non-brokered private placement of units.
• Price: $0.30 per unit.
• Quantity: Up to 3,333,333 units.
• Gross Proceeds: Maximum of $1,000,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.40 per warrant share.
  • Duration: 24 months immediately following the closing date.
• Use of Proceeds: General corporate purposes and reserve for the acquisition of an international oil and gas property.
• Closing Date: Expected on or about December 12, 2025, or as determined by the corporation.
• Regulatory Conditions: Subject to receipt of necessary regulatory approvals, including TSX Venture Exchange approval. Note: TSX-V has not approved the offering or exercise prices; these remain subject to change.
• Hold Period: 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: 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 related party portion does not exceed 25% of market capitalization.
• Fees: The corporation may pay commissions, finder's fees, or similar payments to arm's-length parties; details to be disclosed in a future release.
• Board Approval: Approved by unanimous resolution of the board of directors.