Wilton Resources Inc. announced a non-brokered private placement of 333,333 units at issue price of CAD 0.75 per unit for minimum gross proceeds of CAD 250,000 on December 15, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one share of the company at an exercise price of CAD 1 per share for a period of 24 months.

The company will pay a commission, finder's fee or similar payment (whether in the form of cash, securities or an interest in assets) to third parties. The completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. The TSXV has not approved the offering price or the exercise price and these remain subject to the change.

The common shares, warrants and the common shares underlying the warrants will be subject to a statutory hold period of four months plus one day from the closing date, in accordance with applicable securities legislation. The offering was approved by the corporation's board of directors by means of a unanimous resolution.