Wilton Resources Enters $30 Million Gold Offtake Agreement; Shares Soar 120%

MT Newswires06-20

Wilton Resources (SGX:5F7) has entered into an offtake agreement with Karya Jasa Bersahabat Internasional (PT. KJBI) through its unit, Wilton Wahana Indonesia (PT. WWI), according to a Wednesday filing with the Singapore Exchange.

The agreement, effective from June 5, allows PT. WWI to draw up to $30 million based on Bank Indonesia's exchange rates at the time of drawdown.

Under the agreement, PT WWI must deliver Aurum (AU), gold dore exceeding 92.0% purity, within nine months of drawdown. Extensions are possible for up to an additional three months.

Pricing for initial deliveries is set at a 5% discount to the RTI spot price, provided by RTI Infokom.

Extended deliveries beyond nine months will face increasing discounts, depending on the months elapsed since drawdown.

Repayment for non-deliveries includes the outstanding drawdown amount plus 8% annual interest from the drawdown date.

The agreement spans 24 months, starting on June 5, with PT. WWI having the option to terminate if no drawdown occurs within the first twelve months.

Wilton shares were up 120% in recent trade.

Price (SGD): S$0.03, Change: S$+0.02, Percent Change: +120.00%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2444046259?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-20 13:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2444046259","market":"sg","top_or_hot":-1,"title":"Wilton Resources Enters $30 Million Gold Offtake Agreement; Shares Soar 120%","media":"MT Newswires","content":"<html><body><p> Wilton Resources (SGX:5F7) has entered into an offtake agreement with Karya Jasa Bersahabat Internasional (PT. KJBI) through its unit, Wilton Wahana Indonesia (PT. WWI), according to a Wednesday filing with the Singapore Exchange. </p><p>The agreement, effective from June 5, allows PT. WWI to draw up to $30 million based on Bank Indonesia's exchange rates at the time of drawdown. </p><p>Under the agreement, PT WWI must deliver Aurum (AU), gold dore exceeding 92.0% purity, within nine months of drawdown. Extensions are possible for up to an additional three months. </p><p>Pricing for initial deliveries is set at a 5% discount to the RTI spot price, provided by RTI Infokom. </p><p>Extended deliveries beyond nine months will face increasing discounts, depending on the months elapsed since drawdown. </p><p>Repayment for non-deliveries includes the outstanding drawdown amount plus 8% annual interest from the drawdown date.</p><p>The agreement spans 24 months, starting on June 5, with PT. WWI having the option to terminate if no drawdown occurs within the first twelve months.</p><p>Wilton shares were up 120% in recent trade. </p><p>Price (SGD): S$0.03, Change: S$+0.02, Percent Change: +120.00%</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wilton Resources Enters $30 Million Gold Offtake Agreement; Shares Soar 120%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWilton Resources Enters $30 Million Gold Offtake Agreement; Shares Soar 120%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-20 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wilton Resources (SGX:5F7) has entered into an offtake agreement with Karya Jasa Bersahabat Internasional (PT. KJBI) through its unit, Wilton Wahana Indonesia (PT. WWI), according to a Wednesday ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5F7.SI","symbol_name":"维利顿资源","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2444046259","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444046259","pubTimestamp":1718859962,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Wilton Resources  has entered into an offtake agreement with Karya Jasa Bersahabat Internasional  through its unit, Wilton Wahana Indonesia , according to a Wednesday filing with the Singapore Exchange. The agreement, effective from June 5, allows PT. WWI to draw up to $30 million based on Bank Indonesia's exchange rates at the time of drawdown. Under the agreement, PT WWI must deliver Aurum , gold dore exceeding 92.0% purity, within nine months of drawdown. Extensions are possible for up to an additional three months. Pricing for initial deliveries is set at a 5% discount to the RTI spot price, provided by RTI Infokom. Extended deliveries beyond nine months will face increasing discounts, depending on the months elapsed since drawdown. Repayment for non-deliveries includes the outstanding drawdown amount plus 8% annual interest from the drawdown date.The agreement spans 24 months, starting on June 5, with PT. WWI having the option to terminate if no drawdown occurs within the first tw","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"5F7.SI":"维利顿资源","BK6086":"黄金","BK6507":"矿产资源股"},"translate_title":"Wilton Resources签订3000万美元黄金承购协议；股价飙升120%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5F7.SI":0.9},"content_text":"Wilton Resources (SGX:5F7) has entered into an offtake agreement with Karya Jasa Bersahabat Internasional (PT. KJBI) through its unit, Wilton Wahana Indonesia (PT. WWI), according to a Wednesday filing with the Singapore Exchange. The agreement, effective from June 5, allows PT. WWI to draw up to $30 million based on Bank Indonesia's exchange rates at the time of drawdown. Under the agreement, PT WWI must deliver Aurum (AU), gold dore exceeding 92.0% purity, within nine months of drawdown. Extensions are possible for up to an additional three months. Pricing for initial deliveries is set at a 5% discount to the RTI spot price, provided by RTI Infokom. Extended deliveries beyond nine months will face increasing discounts, depending on the months elapsed since drawdown. Repayment for non-deliveries includes the outstanding drawdown amount plus 8% annual interest from the drawdown date.The agreement spans 24 months, starting on June 5, with PT. WWI having the option to terminate if no drawdown occurs within the first twelve months.Wilton shares were up 120% in recent trade. Price (SGD): S$0.03, Change: S$+0.02, Percent Change: +120.00%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444046259"}