Wilton Resources Inc. Announces Closing of Private Placement Financing

Executive Summary

• Wilton Resources Inc. closed a non‑brokered private placement of units at $0.35 per unit, raising $782,669.90 in gross proceeds.
• Proceeds will be used for general corporate purposes and as a reserve to pursue the acquisition of an international oil & gas property.
• Each unit consists of one common share and one warrant (exercise price $0.45, 12‑month term); finder's fees and related warrants were also issued.

Key Details

• Offering Size: 2,236,200 Units sold for a total gross proceeds of $782,669.90.
• Unit Composition: 1 common share + 1 common share purchase warrant (exercise price $0.45, exercisable for 12 months).
• Finder’s Compensation: Haywood Securities received cash equal to 7.0% of aggregate proceeds and 7.0% of Units issued as non‑transferable finder warrants (16,030 Finder Warrants), each exercisable at $0.45 for one common share within 12 months.
• Statutory Hold Period: All shares, warrants, and finder’s warrants are subject to a four‑month plus one day hold period, ending February 17 2026.
• Insider Participation: Insiders purchased 142,857 Units, qualifying as a “related party transaction” under MI 61‑101; the offering was deemed below the 25% market‑cap threshold, so no minority approval required.
• Use of Proceeds: Primarily for general corporate purposes and to fund a potential acquisition of an international oil & gas property.
• Warrant Terms: Exercise price $0.45 per common share; exercisable for 12 months from issuance.

Notable Quotes

(No direct quotes were provided in the release.)