Spark Energy Minerals Announces Closing of Financing
VANCOUVER, BC / May 16, 2024 / Spark Energy Minerals Inc., ("Spark" or the
"Company" (CSE: EMIN) (OTC: MTEHF) (Frankfurt: 8PC) is pleased to announce that it has
closed its previously announced non-brokered private placement on May 15, 2024. The
Company accepted subscriptions for 2,008,334 units at a price of $0.075 per unit, for gross
proceeds of $150,625. Each unit consists of one common share and one common share
warrant. Each warrant is exercisable at $0.12 and entitles the holder to subscribe for one
additional common share for a period of 2 years from the date of closing. The Company has the
option to accelerate the expiry date if the stock trades at $0.20 for a period of 10 trading days.
Securities issued on this closing are subject to a statutory hold period. Insiders of the
Company subscribed for an aggregate of 1,333,334 common shares of the Company. The
Company has relied on the exemptions from the valuation and minority shareholder approval
requirements of MI 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such
insider participation.
The Company intends to use the proceeds from the private placement to fund the
Tristar Energy Corp. option acquisition payment, perform exploration work, marketing and
investor relations, and general working capital.
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 area that is
gaining recognition as a world hot spot for lithium and rare earth mineral exploration.
Spark Energy Minerals Announces Closing of Financing
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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.
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 contained in this release may constitute "forward–looking
statements" or "forward-looking information" (collectively "forward-looking information") as
those terms are used in the Private Securities Litigation Reform Act of 1995 and similar
Canadian laws. These statements relate to future events or future performance. The use of any
of the words "could," "intend," "expect," "believe," "will," "projected," "estimated",
"anticipates" and similar expressions and statements relating to matters that are not historical
facts are intended to identify forward-looking information and are based on the Company's
current belief or assumptions as to the outcome and timing of such future events. Actual future
results may differ materially. In particular, this release contains forward-looking information
relating to the business of the Company, the Property, financing and certain corporate
changes. The forward-looking information contained in this release is made as of the date
hereof, and the Company is not obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as required by
applicable securities laws. Certain statements contained in this release may constitute
"forward–looking statements" or "forward-looking information" (collectively "forward-
looking information") as those terms are used in the Private Securities Litigation Reform Act of
1995 and similar Canadian laws. These statements relate to future events or future
performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated", "anticipates" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and
are based on the Company's current belief or assumptions as to the outcome and timing of
such future events. Actual future results may differ materially. In particular, this release
contains forward-looking information relating to the business of the Company, the RN
Property, the Acquirors and certain corporate changes. The forward-looking information
contained in this release is made as of the date hereof and the Company is not obligated to
update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, except as required by applicable securities laws.
Spark Energy Minerals News – 5-16-2024 |