Spark Energy Minerals Announces New Director and Share Consolidation
VANCOUVER, BC / STOCKWATCH / July 1, 2023 / Spark Energy Minerals Inc.,
(“Spark” or the “Company” (CSE: EMIN) (Frankfurt: J8V) (OTC: MTEHF)), is pleased to
announce it has appointed William D. Thomas as an independent director of the Company.
Mr. Thomas has had an extensive career in the resource and mining sectors over four
decades including mining in Canada, Africa and South America, and the petroleum sector in
Asia.. Over the past 16 years, he has acted more closely as analyst, advisor, and consultant to
several investment bankers with a focus on IPOs of new businesses, mainly on the Canadian
Stock Exchange and Frankfurt Börse Exchange.
Mr. Thomas has been a director and/or a senior management member of Kerr McGee
Canada, Kerr McGee UK, and Kerr McGee China (now part of Anadarko Petroleum). He was
also CFO of the successful mining interest Hana Mining Ltd. in Botswana, Africa during its
exploration phase.
In each instance, Mr. Thomas has focused on providing guidance on general business
operations, accounting, financial, tax, regulatory reporting and contract administration
services to the public, junior mining, and oil & gas exploration companies that he has served
at the senior level.
William Thomas graduated with a Bachelor of Commerce degree from the University
of Toronto, Canada and gained his Chartered Accountants (CA) designation in 1977. He
remains a member in good standing with the Association.
As well, Spark Energy Minerals announces it is undertaking the consolidation of all of
its issued and outstanding share capital (the “Common Shares”) on the basis of every ten (10)
old Common Shares into one (1) new Common Share.
The Common Shares will continue trading on the OTC market under the current stock
trading symbol “MTEHF”, and on the Frankfurt Stock Exchange under “J8V”.
Spark Energy Minerals Announces New Director and
Share Consolidation
Page 2
The Consolidation will revise the number of issued and outstanding Common Shares
of the Company from approximately 144,000,000 Common Shares to approximately
14,400,000 Common Shares, subject to adjustment for fractional shares, which will be
rounded to the nearest whole number. Proportionate adjustments will be made to the
quantity and exercise prices of the Company’s outstanding warrants and stock options to
reflect the Consolidation.
On completion of the Consolidation, Computershare Trust Company of Canada (”
Computershare “), acting as the transfer agent and registrar for the Company’s Common
Shares, will mail a letter of transmittal to the Company’s registered shareholders in respect of
the Consolidation. The letter of transmittal will contain instructions on how registered
shareholders will be required to send their share certificate(s) or DRS statements
representing pre-Consolidation Common Shares of the Company, along with a properly
executed letter of transmittal, to Computershare in accordance with the instructions
provided in the letter of transmittal. Beneficial shareholders (i.e., non-registered
shareholders) who hold their Common Shares through an intermediary such as a bank, trust
company, securities dealer or broker should note that these intermediaries may have their
own procedures for processing the Consolidation, which may differ from those described
above for registered shareholders. Non-registered shareholders who have questions should
contact their intermediary for more information. A copy of the letter of transmittal will be
posted on the Company’s SEDAR profile at www.sedar.com .
Pursuant to the provisions of the Business Corporations Act (British Columbia) and the
Articles of the Company, the Consolidation was approved by way of resolution passed by the
Board of Directors of the Company. The Board believes that the Consolidation will provide
the Company with greater flexibility for the continued development of its business and the
growth of the Company, including financing arrangements.
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 and Canada. The Company has
acquired assets in some of the world's most prolific mining jurisdictions, Brazil's growing
lithium and provinces and in the Newfoundland, Canada region which is gaining recognition
as a world hot spot for lithium and rare earth mineral exploration.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT
https://sparkenergyminerals.com
Email to [email protected]
Contact: Peter Wilson, CEO, Tel. +1-604-200-2785
Spark Energy Minerals News – 7-1-2023 |
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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.
Further information about the Company is available on www.SEDAR.com under the
Company's profile.
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 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.
Spark Energy Minerals News – 7-1-2023 |