Wilton Resources Inc. announced a non-brokered private placement of 700,000 units at a price of CAD 0.36 per unit for minimum gross proceeds of CAD 252,000 on October 21, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.48 per share for a period of two years from the date of closing. The transaction is subject to approval from regulatory and TSX Venture Exchange. The transaction has been unanimously approved by the board of director's of the company. The securities are being subject to four months and one day hold period. In the event that the 20-day volume weighted average price of the common shares as listed on the TSX Venture Exchange is greater than CAD 1.50, the company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 10th day after the date on which such notice is given. No commission, finder?s fee or similar payment will be paid by the company in connection with the transaction. It is expected that certain Insiders of the company may participate in the transaction.