Wilton Resources Inc. Announces Closing of Private Placement Financing
Calgary, Alberta--(Newsfile Corp. - October 16, 2025) - Wilton Resources Inc. (TSXV: WIL) (the "Corporation") is pleased to announce that it closed its non-brokered private placement of units of the Corporation ("Units") at a purchase price of $0.35 per Unit for total aggregate gross proceeds of $782,669.90 (the "Offering"). The principal use of the proceeds of the Offering will be for general corporate purposes and as a reserve to pursue the acquisition of an international oil and gas property.
Each Unit is comprised of one common share in the capital of the Corporation ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share for a period of 12 months from the date of issuance at an exercise price of $0.45.
The Corporation paid a finder's fee to Haywood Securities Inc. ("Haywood") consisting of a cash payment equal to 7.0% of the aggregate proceeds raised from the sale of Units to subscribers introduced to the Corporation by Haywood and 7.0% of the aggregate Units issued to subscribers introduced to the Corporation by Haywood in non-transferable finder's warrants ("Finder Warrants"), being 16,030 Finder's Warrants. Each Finder Warrant is exercisable and will entitle the holder thereof to acquire one Common Share for a period of 12 months from the date of issuance at an exercise price of $0.45.
The Common Shares, Warrants and Finder's Warrant issued in connection with the Offering and the Common Shares underlying the Warrants and Finder's Warrants will be subject to a statutory hold period of four months plus one day from the date of completion of the Offering, being February 17, 2026, in accordance with applicable securities legislation.
Insiders of the Corporation (as such term is defined under the policies of the TSX Venture Exchange (the "TSXV")) purchased a total of 142,857 Units in the Offering, which is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Corporation relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the fair market value of the Offering, insofar as it involves the Insiders, does not exceed 25% of the market capitalization of the Corporation. No new Insiders and no Control Persons were created in connection with the Offering (as such terms are defined under the policies of the TSXV).
