Wildsky Resources closes $1.5-million financing

Executive Summary

• Wildsky Resources completed a non‑brokered private placement of 15 million units at $0.10 per unit, generating $1.5 million in gross proceeds.
• Each unit includes one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.15 per share through Dec 5 2028).
• Proceeds are earmarked for project evaluation, corporate expenses, and working capital, with securities subject to a hold period expiring April 6 2026.

Key Details

• Units sold: 15,000,000 units @ $0.10 per unit → $1.5 million gross proceeds.
• Unit composition: 1 common share + ½ warrant (full warrant = right to purchase 1 additional common share at $0.15).
• Warrant terms: Exercise price $0.15 per share; exercisable until Dec 5 2028.
• Hold period: Securities locked‑up until April 6 2026.
• Insider participation: Insiders subscribed for 2,250,000 units → $225,000 of proceeds.
• Regulatory note: Transaction qualifies as a related‑party transaction under MI 61‑101; company relies on exemptions because neither the offering value nor consideration exceeds 25 % of market capitalization.
• Use of proceeds: Allocation to project evaluation, corporate expenses, and working capital.

Notable Quotes

(No CEO/President quotes provided in the release.)