Spark Energy Minerals Inc. Announces Repricing of Certain Warrants
For Immediate Release
SPARK ENERGY MINERALS INC. Announces Repricing of
Certain Warrants
VANCOUVER, BC / ACCESSWIRE / September 20, 2023 / Spark Energy Minerals Inc., formerly St.
Anthony Gold Corp. (“Spark” or the “Company“) (CSE: [EMIN]) (Frankfurt: M1N) (OTC: MTEHD) is
pleased to announce the implementation of a warrant exercise incentive program (the “Program”) intended
to encourage the exercise of up to 1,000,000 unlisted common share purchase warrants of the Company
(the “Eligible Warrants”) which were issued as part of the Company’s private placements and closed on
March 28, 2023. The Warrants are currently exercisable for one common share of the Company (each a
“Common Share”) at a price of $1.50 per Common Share, and expire March 28, 2025, at 5:00 p.m.
(Vancouver time).
Summary Information about Warrant Incentive Program
Pursuant to the Program, the Company is offering an inducement to each holder of Eligible Warrants
(“Warrant Holders”) that exercises Eligible Warrants during an early exercise period (the “Early Exercise
Period”) consisting of the repricing of the existing Warrants to $0.25 per Common Share, and one additional
common share purchase warrant (an “Incentive Warrant”). Each Incentive Warrant entitles the Warrant
Holder to purchase one additional Common Share until 5:00 p.m. (Vancouver time) on October 25, 2024
at a price of $0.30 per Common Share, provided however that if the closing price of the common shares is
at a price equal to or greater than $0.50 for a period of 10 consecutive trading days, including days where
no trading occurs, the Corporation will have the right to accelerate the expiry date of the Warrants by giving
notice, via a news release, to the holders of the Warrants that the Warrants will expire on the date that is
30 days after the issuance of said news release.
The Early Exercise Period will commence on Friday, September 29, 2023 at 9:00 a.m. (Vancouver time)
and will expire on Wednesday, October 25, 2023 at 5:00 p.m. (Vancouver time) (the “Early Exercise Expiry
Date”). The Incentive Warrants and any Common Shares issuable on the exercise thereof will be subject
to a four-month hold period from the date of issuance of the Incentive Warrants pursuant to applicable
Canadian securities laws.
Depending upon the number of Eligible Warrants exercised during the Early Exercise Period, the Company
expects to:
· receive gross proceeds of up to $250,000;
· issue up to 1,000,000 Common Shares pursuant to the exercise of Eligible Warrants in accordance
with the terms of the Eligible Warrants; and
· issue up to 1,000,000 Incentive Warrants to Warrant Holders pursuant to the exercise of the Eligible
Warrants on or before the Early Exercise Expiry Date.
Warrant Holders who wish to participate in the Program will agree to exercise their Eligible Warrants and
deliver the other necessary documents in consideration of the issuance by the Company of the Incentive
Warrants.
The Program is subject to approval from the Canadian Securities Exchange (the “Exchange”) and is subject
to the receipt of final approval of the Exchange. There are no Eligible Warrants to be exercised by insiders
of the Company.
Procedure for the Exercise of Warrants
Upon commencement of the Early Exercise Period, registered holders of Eligible Warrants may exercise
their rights to acquire the Common Shares and Incentive Warrants.
All Eligible Warrants must be processed through the Company at the offices of the Company located at
Suite 704 595 Howe St., Vancouver, British Columbia, V6C 2T5, Canada.
To exercise Eligible Warrants during the Early Exercise Period, until October 25, 2023 at 5:00 p.m.
(Vancouver time), a Warrant Holder must:
1. Surrender the original Warrant Certificate(s) representing the Eligible Warrants to the Company by
hand or courier at the address noted above. The Warrant Certificate(s) representing the Eligible Warrants
must be submitted together with:
(a) a duly completed and executed Subscription Form as attached to the Eligible Warrant Certificate,
specifying the number of Eligible Warrants that the Warrant Holder intends to exercise; and
(b) a certified cheque, bank draft or money order in Canadian dollars, payable to or to the order of
“Spark Energy Minerals Inc.” in an amount equal to $0.25 multiplied by the number of Eligible Warrants
that the Warrant Holder intends to exercise.
All Eligible Warrant Certificates surrendered for full exercise will be cancelled by the Company and will be
of no further force or effect.
All Eligible Warrant Certificates surrendered together with a duly completed and executed Subscription
Form, and payment of the applicable exercise price for the number of Eligible Warrants exercised will be
deemed to be surrendered only upon personal delivery thereof to, or, if sent by mail or other means of
transmission, upon actual receipt thereof by the Company. Any use of the mail to transmit Eligible
Warrant Certificates is at the risk of the Warrant Holder. If such documents are to be mailed, it is
recommended that registered mail, properly insured, be used with acknowledgement of receipt
requested.
Fractional Shares
The Company will not be obligated to issue any fractional Common Shares, fractional Incentive Warrants
or any cash or other consideration in lieu thereof upon the exchange of one or more Eligible Warrants. If
any fraction of a Common Share or Incentive Warrant would otherwise be issuable, the number of such
securities so issued will be rounded down to the nearest whole number without compensation thereof.
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
www.sparkenergyminerals.com
Email to [email protected]
Contact: Peter Wilson CEO - 604-649-0945
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.sedarplus.ca 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.