Wilton Resources Launches Private Placement

Wilton Resources (TSE:WIL) has released an update.

Wilton Resources Inc. has announced a non-brokered private placement aiming to raise a minimum of $250,000 by selling units at $0.74 each, which will fund general corporate actions and potential acquisitions of international oil and gas properties. Each unit consists of one common share and a warrant, which allows buying another share at $0.84 within 12 months. The offering, which bypasses commission fees, is dependent on regulatory approvals and includes a four-month statutory hold period.

For further insights into TSE:WIL stock, check out TipRanks’ Stock Analysis page.