Business
Spark Energy Minerals Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce that further to its news releases dated February 26, 2026 and February 27, 2026, the Company has further upsized and closed its previously announced non-brokered private placement (the "Private Placement") of units of the Company (each, a "Unit") at an issue price of $0.06 per Unit. Due to strong investor demand,..
About this update from Spark Energy Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company"), is pleased to announce that further to its news releases dated February 26, 2026 and February 27, 2026, the Company has further upsized and closed its previously announced non-brokered private placement (the "Private Placement") of units of the Company (each, a "Unit") at an issue price of $0.06 per Unit. Due to strong investor demand, the Private Placement was increased from 9,166,666 Units to the issuance of 9,666,000 Units for gross proceeds of $579,960.","length":662,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder to purchase one Share for a period of three years from the date of issue at an exercise price of $0.07.","length":317,"tagName":"p"},{"type":"text","content":"The net proceeds of the Private Placement will be used to advance exploration work at the Arapaima Project in Brazil's Lithium Valley and general working capital.","length":166,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Private Placement are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. No finder's fees were payable in connection with the Private Placement.","length":361,"tagName":"p"},{"type":"text","content":"None of the securities issued under the Private Placement have been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.","length":620,"tagN...