Source: Wilton Resources Inc.
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  • Wilton Resources (WIL) has increased its non-brokered private placement for gross proceeds of $770,750.25
  • The corporation now intends to issue 1,027,667 units at $0.75 per unit
  • Each unit consists of one common share and one common share purchase warrant
  • Wilton Resources Inc is an oil and gas exploration and development company with operations in Canada
  • Wilton Resources Inc. (WIL) remains unchanged, trading at C$0.73 per share at 3:33 pm ET

Wilton Resources (WIL) has increased its previously announced non-brokered private placement for gross proceeds of $770,750.25.

The corporation will now issue 1,027,667 units at $0.75 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $1.00 for a period of 24 months.

The proceeds will be used for general corporate purposes and as a reserve to pursue a potential acquisition of an international oil and gas property.

The corporation may pay cash finder’s fees and non-transferable warrants in connection with the offering.

The offering is expected to close shortly and is conditional upon the receipt of all necessary regulatory approvals.

Wilton Resources Inc is an oil and gas exploration and development company with operations in Canada. The company is pursuing oil and gas properties in various international locations, including the Middle East and Africa.

Wilton Resources Inc. (WIL) remains unchanged, trading at C$0.73 per share at 3:33 pm ET.


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