Wilton Resources Inc.
TSX VENTURE : WIL

December 07, 2015 17:26 ET

Wilton Resources Inc. Announces Extension of Private Placement Financing

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Wilton Resources Inc. (the "Corporation") (TSX VENTURE:WIL) announces that, further to its press release dated October 22, 2015, it has received an extension from the TSX Venture Exchange (the "TSXV") with respect to the duration of its previously announced non-brokered private placement (the "Private Placement"). The outside date upon which final acceptance of the Private Placement will be granted by the TSXV has been extended from December 7, 2015 to January 4, 2016.

The net proceeds of the Private Placement will be used by the Corporation for general corporate purposes and future working capital. All securities issued under the Private Placement will be subject to a statutory four month hold period from the date of issue.

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 with respect to the Corporation's use of net proceeds from the Private Placement. 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 facts and assumptions include obtaining final approval of the TSX Venture Exchange of the proposed Private Placement and the intended use of proceeds remaining in the best interests 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content of this release.

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.

Contact Information

  • Wilton Resources Inc.
    Richard Anderson
    Chief Executive Officer
    (403) 619-6609