Spark Energy Announces Closing Of First Tranche Of Private Placement
SPARK ENERGY MINERALS INC.
For Immediate Release
SPARK ENERGY ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE
PLACEMENT
Vancouver, B.C. – April 22, 2025 – Spark Energy Minerals Inc. (“Spark Energy” or the “Company”) (CSE:
SPRK, OTC: SPARF, Frankfurt: 8PC ) is pleased to announced it has closed the first tranche of the non-
brokered private placement financing of up to 31,250,000 units of the Company (the “Private Placement”)
as previously announced in its press release dated April 14, 2025 (the “Initial Press Release”). Any words
capitalized but undefined herein shall have the meaning ascribed to such capitalized term in the Initial Press
Release.
The first tranche of the Private Placement included $1,850,000 from UK based institutional investors, Sorbie
Bornholm LP and Sorbie Investments LLP. The first tranche closing of the Private Placement consisted of the
issuance of an aggregate of 27,636,112 Units at a price of $0.072 per Unit. Each Unit consists of one common
share (“Common Share”) in the capital of the Company and one half of one common share purchase warrant
(“Warrant”). Each whole Warrant will entitle the holder thereof to acquire one additional Common Share in
the capital of the Company at a price of $0.14 for a period of 36 months from the closing of the first tranche
of the Private Placement.
The Company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106 –
Prospectus Exemptions in connection with the distribution of all 27,636,112 free trading Common Shares
under tranche one of the Private Placement for proceeds of $1,989,800. The Company did not pay any finder’s
fees in connection with this tranche of the Private Placement. There is an offering document related to the
Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the
Company’s website at www.sparkenergyminerals.co. Prospective investors should read this offering
document before making an investment decision.
The Company will continue to engage in further raising efforts in order to maximize investment in the Units
and to attempt to fully subscribe the Private Placement.
The Company intends to use the net proceeds of the offering to continue to maximize its exploration program
throughout its extensive flagship Arapaima Lithium Project in Minas Gerais, Brazil’s Lithium Valley, and for
general working capital requirements and other corporate purposes.
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933,
as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the
United States absent registration or an available exemption from the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release,
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Spark Energy Minerals Inc.
Spark Energy Minerals, Inc., is a Canadian company pursuing battery metals and mineral assets with newly
acquired interests in Brazil. The Company has acquired assets in some of the world's most prolific mining
jurisdictions in Brazil's growing lithium are as that are gaining recognition as a world hot spot for lithium
and rare earth mineral exploration.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEBSITE AT:
https://sparkenergyminerals.com
Email to [email protected]
Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742
Forward-Looking Statement Disclaimer
Certain statements included in this press release constitute forward-looking statements or forward-looking
information. Forward-looking statements or information can be identified by terminology such as
“anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “budget”, “should”,
“project”, “may be”, or similar words (including negative or grammatical variations) suggesting future
outcomes or expectations. In particular, forward-looking statements and information contained in this press
release, include, but are not limited to: the use of the net proceeds of the Private Placement; the terms of
the Private Placement; the timing and completion of the Private Placement; and the receipt of regulatory,
stock exchange and other required approvals in connection with the Private Placement . Although the
Company believes that the expectations implied in such forward -looking statements or information are
reasonable, undue reliance should not be placed on these forward -looking statements or information
because the Company can give no assurance that such statements or information will prove to be correct.
Forward-looking statements or information are based on current expectations, estimates and projections
that involve a number of assumptions about the future and uncertainties, including the receipt of required
regulatory approvals; current forecasts and anticipated utilization rates; the availability of debt and equity
financing; and the level of competition in the marketplaces and industries in which the Company operates.
Although management of the Company believes these expectations and assumptions reflected in these
forward-looking statements or information to be reasonable, there can be no assurance that any forward -
looking statements or information will be proved to be correct, and actual results may differ materially from
those anticipated in such statements or information. For this purpose, any statements or information
contained herein that are not statements or information of historical fact may be deemed to be forward -
looking statements or information and readers should not place undue reliance on such forward -looking
statements or information. The forward -looking statements or information contained in this p ress release
are made as of the date h ereof and the Company assumes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new contrary information, future events
or any other reason, unless the Company is required by any applicable securities laws. The forward-looking
statements or information contained in this press release are expressly qualified by this cautionary
statement. Further information regarding the uncertainties and risks can be found in the disclosure
documents filed by Spark Energy with the securities regulatory authorities, available at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release.