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Wilton Resources (TSXV:WIL) closes private placement

Energy
CDX:WIL
12 November 2021 15:45 (EDT)

Source: Wilton Resources Inc.

Wilton Resources (WIL) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $252,000.00.

Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.48 for a period of 24 months following the closing of the offering.

No commissions or finder’s fees were paid in connection with the offering.

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

Wilton Resources Inc is a Canadian oil and gas exploration and development company. 

Wilton Resources Inc. (WIL) is up 3.77 per cent on the day, trading at C$0.55 per share at 4pm ET.

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