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WIL Wilton Resources Inc

0.84
-0.02 (-2.33%)
08 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wilton Resources Inc TSXV:WIL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -2.33% 0.84 0.82 0.86 0.84 0.82 0.82 16,900 21:00:14

Wilton Resources Inc. Announces Private Placement

06/12/2012 4:44pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Wilton Resources Inc. ("Wilton" or the "Corporation") (TSX VENTURE:WIL) is
pleased to announce that it is proposing to issue, by way of private placement
(the "Private Placement") up to 400,000 Units ("Units") of the Corporation at a
purchase price of $1.00 per Unit for gross proceeds of up to $400,000, subject
to regulatory approval. Each Unit will be comprised of one common share in the
capital of the Corporation ("Common Share") and one common share purchase
warrant ("Warrant"). Each Warrant will be exercisable for one Common Share for
24 months from the date of issuance at an exercise price of $1.25 per Common
Share. If at any time prior to the expiry of the Warrants the trading price of
the Common Shares exceeds $1.25 for a period of 20 consecutive trading days, the
Issuer may provide notice to the holders of the Warrants that the Warrants will
expire 20 days after the date of the notice. The net proceeds of the Private
Placement will be used by the Corporation to fund its general corporate purposes
and its corporate strategy of investing in and acquiring large international oil
and gas assets.


The Units will be sold on a private placement basis and will be subject to a
hold period of four months plus one day from the date of issue. In connection
with the Private Placement, the Corporation may pay a finder's fee of 3% on all
or part of the aggregate gross proceeds received. Closing of the Private
Placement is expected to occur on or about December 15, 2012 and is subject to
regulatory approval. 


Additional information regarding Wilton Resources Inc. is available on
www.sedar.com. 


FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking
information. These statements relate to future events or future performance. The
use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Corporation's current beliefs or assumptions as
to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this press release contains forward-looking
information with respect to the Corporation's use of net proceeds from the
Private Placement. Various assumptions or factors are typically applied in
drawing conclusions or making the forecasts or projections set out in
forward-looking information. Those assumptions and factors are based on
information currently available to the Corporation. The material factors and
assumptions include obtaining approval of the TSX Venture Exchange of the
proposed Private Placement and the intended use of proceeds remaining in the
best interests of the Corporation. The Corporation cautions the reader that the
above list of risk factors is not exhaustive. The forward-looking information
contained in this release is made as of the date hereof and the Corporation is
not obligated to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as required by
applicable securities laws. Due to the risks, uncertainties and assumptions
contained herein, investors should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any forward-looking
information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wilton Resources Inc.
Richard G. Anderson
President and Chief Executive Officer
(403) 619-6609

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