Wilton Resources plans second placement tranche and warrant extension

Wilton Resources Inc. (TSXV: WIL) announced plans to close a second tranche of its non-brokered private placement and extend the expiry date on a set of outstanding warrants, according to a press release dated September 16, 2026.

The company intends to issue up to 640,000 units at $0.25 per unit in the second tranche of the offering, which has a maximum size of 2,500,000 units. An initial tranche of 1,860,000 units was previously closed at the same price. Each unit consists of one common share and one warrant, with each warrant carrying an exercise price of $0.30 per share and a 24-month exercise window following closing.

Separately, Wilton Resources said it plans to extend the expiry date on 2,236,285 outstanding common share purchase warrants originally issued in a private placement that closed October 16, 2025. Those warrants carry an exercise price of $0.45 per share. The proposed amendment would push the expiry date from October 16, 2026 to October 16, 2027, with all other terms remaining unchanged.

The company noted that 5.11% of the warrants subject to extension are held directly by directors, officers, or control persons of the corporation. The warrant amendment requires approval from the TSX Venture Exchange before it can take effect.

All securities issued under the offering will be subject to a statutory hold period of four months plus one day from the closing date.

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