Wilton Resources sells 150 mil new shares in private placement to raise $8.6 mil

SINGAPORE (Dec 21): Wilton Resources has sold 150 million new shares to two private investors at 5.751 cents each.

The placement was non-underwritten and no placement agent was appointed, and Wilton added that the placement would not result in any transfer of controlling interest in the group.

The placement price is a 10% discount to the volume weighted average price of 6.39 cents on Dec 16, and the placement shares represents 6.16% of the enlarged share capital of the group.

---

Related Stories

• KIT announces private placement to raise some $200 mil
• Digital Core REIT seeks to raise US$100 mil through private placement
• CapitaLand Ascott Trust to raise $300 mil, proposes to acquire three lodging assets for $530.8 mil

---