Wilton Resources Inc. Announces Private Placement

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 500,000 Units ("Units") of the Corporation at a
purchase price of $1.00 per Unit for gross proceeds of up to $500,000, subject
to regulatory approval. Each Unit will be comprised of one (1) common share in
the capital of the Corporation ("Common Share") and one (1) common share
purchase warrant ("Warrant"). Each Warrant will be exercisable for one (1)
Common Share for twenty-four (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 twenty (20) consecutive trading days, the Issuer may provide notice to the
holders of the Warrants that the Warrants will expire twenty (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 May 9, 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 relating to the satisfaction of the issuance of the final exchange
bulletin in respect of the Qualifying Transaction, the listing of the Common
Shares and the ongoing nature of the Corporation's business. The final exchange
bulletin will not be issued if the TSX-V determines that the Corporation has not
met the conditions set out in the TSX-V's conditional approval letter. 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 the ability of the
Corporation to meet the conditions for listing of the TSX-V and that the
continuation of the Corporation's current business strategy remains in the best
interest 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.

Wilton Resources (TSXV:WIL)
過去株価チャート
から 12 2024 まで 1 2025