- Wilton (WIL) intends to raise a private placement for minimum gross proceeds of C$200,000
- It intends to use the proceeds for general corporate purposes and as a reserve to facilitate the acquisition of an international oil and gas property
- Wilton Resources is an Alberta-based oil and gas company
- Wilton (WIL) is down by 1.11 per cent trading at $0.445 per share
Wilton (WIL) has announced a private placement for minimum gross proceeds of C$200,000.
The non-brokered offering will consist of units priced at $0.40. Each unit is comprised of one common share and one common share purchase warrant.
Each warrant is exercisable into one common share priced at $0.50 for 24 months. The warrants are subject to acceleration with 10 days’ notice should the stock’s 20-day volume weighted average price surpass $1.50 per share.
Proceeds will be used for general corporate purposes and as a reserve to acquire an international oil and gas property.
Wilton Resources is an Alberta-based oil and gas company seeking to unlock global underdeveloped hydrocarbon reservoirs through exploration and development.
Wilton (WIL) is down by 1.11 per cent trading at $0.445 per share as of 11:37 am EST.
