Wilton Resources Inc. Announces Grant of Stock Options

Rhea-AI Summary

Wilton Resources Inc. (TSXV: WIL) announced the grant of 498,000 stock options to directors, officers, and consultants on November 14, 2024. The options vest immediately upon issuance and can be exercised at $0.62 per share over a five-year period. The grant remains subject to TSX Venture Exchange approval.

Positive

• Immediate vesting of options provides instant equity incentive for key personnel
• Five-year exercise period offers long-term alignment with company goals

Negative

• Potential dilution of existing shareholders' value through option issuance

News Market Reaction

+28.20%

1 alert

+28.20% News Effect

On the day this news was published, WLTNF gained 28.20%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Calgary, Alberta--(Newsfile Corp. - November 14, 2024) - Wilton Resources Inc. (TSXV: WIL) (the "Corporation"), announces that on November 14, 2024 the Board of Directors of the Corporation granted 498,000 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 $0.62 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/229984

FAQ

How many stock options did Wilton Resources (TSXV: WIL) grant on November 14, 2024?

Wilton Resources granted 498,000 stock options to directors, officers, and consultants.

What is the exercise price for Wilton Resources' (TSXV: WIL) November 2024 stock options?

The exercise price for the stock options is $0.62 per share.

What is the vesting period for Wilton Resources' (TSXV: WIL) November 2024 stock options?

The options vest immediately on the date of issuance.

How long can the November 2024 stock options be exercised for Wilton Resources (TSXV: WIL)?

The options can be exercised for a period of five years from the date of grant.