Wilton Resources Raises $395,100 in Private Placement to Fund International Oil and Gas Acquisition Plans

Wilton Resources ( (TSE:WIL) ) has issued an announcement.

Wilton Resources Inc. has closed a non-brokered private placement, raising gross proceeds of $395,100 through the sale of units priced at $0.30, each comprising one common share and one warrant exercisable at $0.40 for 24 months. The financing, which included finder’s fees and associated finder’s warrants issued to Haywood Securities, bolsters Wilton’s general corporate funds and creates a capital reserve to pursue the acquisition of an international oil and gas property, underscoring its strategy to expand its upstream portfolio and potentially enhance future production and asset diversification.

The most recent analyst rating on (TSE:WIL) stock is a Hold with a C$0.40 price target. To see the full list of analyst forecasts on Wilton Resources stock, see the TSE:WIL Stock Forecast page.

Spark’s Take on TSE:WIL Stock

According to Spark, TipRanks’ AI Analyst, TSE:WIL is a Neutral.

The score is primarily constrained by very weak financial performance (large losses, declining small revenue base, and ongoing cash burn with recent equity erosion), only partly offset by the benefit of having no debt. Technicals provide a moderate lift due to improving short-term momentum, while valuation remains challenged because losses drive a negative P/E and no dividend support is shown.

To see Spark’s full report on TSE:WIL stock, click here.

More about Wilton Resources

Wilton Resources Inc., listed on the TSX Venture Exchange, operates in the oil and gas sector with a focus on acquiring and developing international petroleum properties. The Calgary-based company targets growth through strategic asset acquisitions in global energy markets.

Average Trading Volume: 94,967

Technical Sentiment Signal: Sell

Current Market Cap: C$28.94M

Find detailed analytics on WIL stock on TipRanks’ Stock Analysis page.