Wilton Resources Inc. Announces Grant of Stock Options

Rhea-AI Summary

Wilton Resources has granted 560,000 stock options to its directors, officers, and consultants. These options are immediately vested and can be exercised over the next five years at a price of $0.95 per share. This move awaits TSX Venture Exchange approval.

Positive

• Granted 560,000 stock options, promoting executive and consultant retention.
• Options vested immediately, providing instant incentive value.
• Exercise price set at $0.95 per share, aligning with current market value.

Negative

• Approval from TSX Venture Exchange still pending, adding regulatory risk.
• Potential shareholder dilution due to a large number of stock options granted.

Calgary, Alberta--(Newsfile Corp. - June 4, 2024) - Wilton Resources Inc. (TSXV: WIL) (the "Corporation"), announces that on June 4, 2024 the Board of Directors of the Corporation granted 560,000 stock options (the "Options") to purchase common shares of the Corporation ("Shares") to certain directors, officers and consultants of the Corporation. The Options vest on the date of issuance and are exercisable for a period of five years from the date of grant at an exercise price of $0.95 per Share. Each grant of Options is subject to the approval of the TSX Venture Exchange.

For further information please contact:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211737

FAQ

What did Wilton Resources announce on June 4, 2024?

Wilton Resources announced the grant of 560,000 stock options to its directors, officers, and consultants.

What is the exercise price of the granted options for WLTNF?

The exercise price of the granted options is $0.95 per share.

How long are the granted stock options valid for Wilton Resources?

The granted stock options are valid for five years from the date of grant.

What approvals are required for the granted stock options of Wilton Resources?

The granted stock options require approval from the TSX Venture Exchange.

How many stock options did Wilton Resources grant?

Wilton Resources granted 560,000 stock options.