Wilton Resources Inc. Announces Private Placement Financing

Executive Summary

• Wilton Resources Inc. announced a non‑brokered private placement of units at $0.35 per unit, targeting up to $850,000 in gross proceeds.
• Each unit consists of one common share and one warrant exercisable at $0.45 within 12 months.
• Proceeds will be used for general corporate purposes and as a reserve to pursue the acquisition of an international oil‑and‑gas property.

Key Details

• Offering Price: $0.35 per unit.
• Maximum Gross Proceeds: $850,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.45, 12‑month term).
• Use of Proceeds: General corporate purposes; reserve for potential acquisition of an international oil and gas property.
• Commission/Finders’ Fees: May be paid to arm’s‑length parties; details to be disclosed in a subsequent release.
• Regulatory Conditions: Subject to TSXV approval and other required regulatory clearances; statutory hold period of four months plus one day on shares and warrants.
• Insider Participation: Insiders may participate; transaction qualifies as a related‑party transaction under MI 61-101, with reliance on exemption because fair market value is expected to be ≤25 % of market cap.
• Board Approval: Unanimous resolution by the board of directors.

Notable Quotes

• “The Offering provides us with flexible capital to advance our strategic growth initiatives, including the pursuit of an international oil and gas acquisition,” – Richard Anderson, CEO & President.