Wilton Resources Inc. Announces Closing of Private Placement Financing

Core Points - Wilton Resources Inc. closed a non-brokered private placement of units at a price of $0.35 per unit, raising total gross proceeds of $782,669.90, which will be used for general corporate purposes and to pursue the acquisition of an international oil and gas property [1][5] Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.45 for 12 months [2] - A finder's fee of 7.0% was paid to Haywood Securities Inc. for the proceeds raised, along with 16,030 non-transferable finder's warrants, each exercisable at $0.45 for 12 months [3] Group 2: Regulatory and Compliance Information - The securities issued will be subject to a statutory hold period of four months plus one day, expiring on February 17, 2026 [4] - Insiders purchased a total of 142,857 units, which is classified as a related party transaction, and the corporation relied on exemptions from formal valuation and minority approval requirements [5]