Wilton Resources Inc. Announces Grant of Stock Options

Rhea-AI Summary

Wilton Resources Inc. (TSXV: WIL) has announced the grant of 900,000 stock options to certain directors, officers, and consultants of the The Board of Directors approved this grant on January 7, 2025. The options come with immediate vesting upon issuance and can be exercised over a five-year period at a price of $0.86 per share. The implementation of this stock option grant remains subject to approval from the TSX Venture Exchange.

Positive

• Immediate vesting of options provides instant value to recipients
• Five-year exercise period offers long-term flexibility for option holders

Negative

• Potential dilution of existing shareholders' value upon exercise of 900,000 options

News Market Reaction

+8.61%

1 alert

+8.61% News Effect

On the day this news was published, WLTNF gained 8.61%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Calgary, Alberta--(Newsfile Corp. - January 7, 2025) - Wilton Resources Inc. (TSXV: WIL) (the "Corporation"), announces that on January 7, 2025 the Board of Directors of the Corporation granted 900,000 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 $0.86 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/236307

FAQ

How many stock options did Wilton Resources (WLTNF) grant on January 7, 2025?

Wilton Resources granted 900,000 stock options to directors, officers, and consultants on January 7, 2025.

What is the exercise price for Wilton Resources' (WLTNF) January 2025 stock options?

The exercise price for the stock options is $0.86 per share.

When do the January 2025 stock options expire for Wilton Resources (WLTNF)?

The stock options expire five years from the grant date of January 7, 2025.

What is the vesting schedule for Wilton Resources' (WLTNF) January 2025 stock options?

The stock options vest immediately on the date of issuance.

Does the TSX Venture Exchange need to approve Wilton Resources' (WLTNF) stock option grant?

Yes, the stock option grant is subject to TSX Venture Exchange approval.