Mr. Manjeet Dhillon reports
WILTON RESOURCES INC. ANNOUNCES CLOSING OF THE SECOND TRANCHE OF PRIVATE PLACEMENT
Wilton Resources Inc. has closed its previously announced second tranche of units under its non-brokered private placement previously announced on Aug. 18, 2026, and as revised on Aug. 25, 2026, for total aggregate gross proceeds of $578,800.
Private placement
As announced on Aug. 18, 2026, the offering is up to a maximum of 2.5 million units at a revised purchase price of 25 cents per unit. Each unit will be composed of one common share in the capital of the corporation and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at an exercise price of 30 cents per warrant share for a period of 24 months immediately following the closing. The corporation closed an initial tranche of the offering, issuing a total of 1.86 million units under the offering at a price of 25 cents per unit. The corporation now closes a second tranche of 455,200 units.
In connection with the offering the corporation paid a finder's fee to Haywood Securities Inc., consisting of a cash payment equal to 7.0 per cent of the aggregate proceeds raised from the sale of units to subscribers introduced to the corporation by the finder and 7.0 per cent of the aggregate units issued to subscribers introduced to the corporation by the finders in non-transferable finder's warrants. In connection with the second tranche, the corporation paid $3,500 and issued an aggregate of 14,000 finder's warrants. Each finder's warrant is exercisable and will entitle the holder thereof to acquire one common share for a period of 24 months from the date of issuance at an exercise price of 30 cents.
The common shares, warrants and finder's warrant issued in connection with the second tranche of the offering and the common shares underlying the warrants and finder's warrants issued pursuant to the second tranche are subject to a statutory hold period of four months plus one day from the date of completion of the offering, being Jan. 30, 2027, in accordance with applicable securities legislation.
We seek Safe Harbor.
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