Wildsky Resources arranges $1.5-million financing

Executive Summary

• Wildsky Resources Inc. announced a non‑brokered private placement of up to 15 million units at $0.10 per unit, targeting gross proceeds of up to $1.5 million.
• Each unit consists of one common share and one‑half of a common share purchase warrant (full warrant exercisable at $0.15 per share for three years).
• Proceeds will be allocated to project evaluation, corporate expenses, and working capital, with securities subject to a four‑month hold period and TSX Venture Exchange approval.

Key Details

• Offering size: Up to 15 million units.
• Price per unit: $0.10 (Cents).
• Gross proceeds target: Up to $1.5 million.
• Unit composition: 1 common share + ½ of a common share purchase warrant.
• Warrant terms: Each whole warrant convertible into one additional common share at an exercise price of $0.15 per share; exercisable for three years from issuance.
• Use of proceeds: Project evaluation, corporate expenses, and working capital.
• Closing conditions: Subject to approval by the TSX Venture Exchange.
• Hold period: Securities subject to a lock‑up of four months and one day from closing date per applicable securities laws.

Notable Quotes

(No executive quotes were provided in the release.)