Wilton Resources Inc. Announces Private Placement Financing

Executive Summary

• Wilton Resources Inc. announced a non‑brokered private placement of up to 2,857,143 units at $0.35 per unit, targeting gross proceeds of up to $1,000,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.40 exercise price, exercisable for 24 months after closing.
• Proceeds will be used for general corporate purposes and as a reserve to pursue the acquisition of an international oil‑and‑gas property; the offering is expected to close around March 20, 2026 pending regulatory approvals.

Key Details

• Offering Size: Up to 2,857,143 units (maximum $1,000,000 gross proceeds).
• Purchase Price per Unit: $0.35.
• Unit Composition:
• 1 common share of Wilton Resources Inc.
• 1 warrant to purchase 1 additional common share at an exercise price of $0.40.
• Warrant Terms: Exercise price $0.40 per share; exercisable for 24 months following the closing date.
• Closing Date: Expected on or about March 20, 2026 (or other date at company’s discretion).
• Use of Proceeds: General corporate purposes and as a reserve to fund acquisition of an international oil‑and‑gas property.
• Regulatory Conditions: Subject to TSXV approval; statutory hold period of four months plus one day on the 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.
• Commission/Finders’ Fees: May pay commissions or finder's fees to arm’s‑length parties; details to be disclosed in a subsequent release.
• Board Approval: Unanimously approved by the board of directors.

Notable Quotes

(No direct quotes were provided in the release.)