- Wilton Resources (WIL) has announced plans for a private placement for gross proceeds of a minimum of $252,000
- Units will be priced at C$0.36 and consist of one common share and one purchase warrant
- Each warrant will entitle the holder to purchase one common share for a period of 24 months for a price of $0.48
- Wilton reserves the right to accelerate the expiration date of the warrants
- Wilton Resources Inc is a Canadian oil and gas exploration and development company
- Wilton Resources Inc. (WIL) opened trading at C$0.49 per share
Wilton Resources (WIL) has announced plans for a private placement for gross proceeds of a minimum of $252,000.
Each unit, to be priced at C$0.36, will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of 24 months for a price of $0.48.
In the event that the 20-day volume-weighted average price of the common shares as listed on the TSXV is greater than $1.50, the corporation may accelerate the expiry date of the warrants.
No commission, finder’s fee or similar payment will be paid in connection with the offering.
Completion of the offering is subject to the receipt of all necessary regulatory approvals including the approval of the TSXV. The TSXV has not approved the offering price or the exercise price and these remain subject to the change.
Shares and warrants issued during the offering will be subject to a statutory hold period of four months plus one day.
Wilton Resources Inc is a Canadian oil and gas exploration and development company.
Wilton Resources Inc. (WIL) opened trading at C$0.49 per share.