Mr. Richard Anderson reports
WILTON RESOURCES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
Wilton Resources Inc. has closed its non-brokered private placement of units of the corporation at a purchase price of 55 cents per unit for total aggregate gross proceeds of $412,500. The principal use of the proceeds of the offering will be for general corporate purposes and as a reserve to pursue the potential acquisition of an international oil and gas property.
Each unit comprises one common share in the capital of the corporation and one common share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of 36 months from the date of issuance at an exercise price of 62 cents.
No commission, finder's fee or similar payment (whether in the form of cash, securities or an interest in assets) will be paid by the corporation in connection with the offering.
The common shares and warrants issued in connection with the offering and the common shares underlying the warrants will be subject to a statutory hold period of four months plus one day from the date of completion of the offering, being Nov. 12, 2025 , in accordance with applicable securities legislation.
The offering was approved by the corporation's board of directors by means of a unanimous resolution.
We seek Safe Harbor.
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