Brief: Wilton Resources signs placement agreement for 50 mln new shares at S$0.06

Wilton Resources

13/11/2016 23:27

Nov 14 (Reuters) - Wilton Resources Corporation Ltd 
 WILT.SI  
    * entered into a placement agreement ( "placement 
agreement") with mr seah cheong leng and ms ng suk sian 
    * Confirms that placement would not result in any transfer 
of controlling interest in company 
    * Intends to utilise entire net proceeds to fund ongoing 
development of group's ciemas gold project 
    * placees have agreed to jointly subscribe for an aggregate 
of 50 million new ordinary shares in capital of co at an issue 
price of s$0.06 per share 
    * placement will raise gross proceeds of s$3.0 million and 
net proceeds of approximately s$2.95 million 
 
Source text for Eikon:  ID:nSNZ2ml8bm  
Further company coverage:  WILT.SI  
 
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