Wilton closes $782,669 private placement

Executive Summary

• Wilton Resources Inc. has closed a non-brokered private placement of units, raising aggregate gross proceeds of $782,669.90.
• The offering consists of units priced at 35 cents each, with each unit comprising one common share and one common share purchase warrant.
• Proceeds are designated for general corporate purposes and to serve as a reserve for the potential acquisition of an international oil and gas property.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Purchase Price: 35 cents per unit.
• Gross Proceeds: $782,669.90.
• Unit Composition: Each unit includes one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: 45 cents per share.
  • Duration: 12 months from the date of issuance.
  • Quantity: One warrant per unit.
• Finder’s Fee (Haywood Securities Inc.):
  • Cash Fee: 7.0% of aggregate proceeds raised from subscribers introduced by Haywood.
  • Warrant Fee: 7.0% of aggregate units issued to subscribers introduced by Haywood, paid in non-transferable finder warrants.
  • Finder Warrants Issued: 16,030 warrants.
  • Finder Warrant Terms: Exercisable for 12 months at an exercise price of 45 cents per share.
• Insider Participation: Insiders purchased a total of 142,857 units.
• Regulatory Context: The insider purchase is a related-party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority approval requirements, determining the fair market value of the insider portion does not exceed 25% of the corporation's market capitalization. No new insiders or control persons were created.
• Statutory Hold Period: Four months plus one day from the date of completion (Feb. 17, 2026).

Notable Quotes

• "The principal use of the proceeds of the offering will be for general corporate purposes and as a reserve to pursue the acquisition of an international oil and gas property."