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Spark Energy Minerals Announces Non-Brokered Private Placement to Fund Near-Term Drilling at Arapaima
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTCID: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to announce it intends to complete a non-brokered private placement of up to of up to $500,000 by offering up to 10,000,000 units of the Company (each, a "Unit") at a price of $0.05 per Unit (the "Private Placement").Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one warrant to...
About this update from Spark Energy Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTCID: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to announce it intends to complete a non-brokered private placement of up to of up to $500,000 by offering up to 10,000,000 units of the Company (each, a "Unit") at a price of $0.05 per Unit (the "Private Placement").","length":433,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one warrant to purchase an additional common share (each, a "Warrant Share", and collectively with the Units and the Shares, the "Securities") at a price of $0.06 per Warrant Share for a period of three years from the date of issue. The Securities will be subject to a hold period of four months and one day from the date of closing of the Private Placement. The Company expects to close the Private Placement, on or about November 28, 2025, or such later date as may be determined by the Company.","length":622,"tagName":"p"},{"type":"text","content":"The net proceeds of the Offering will be used to fund Spark's near-term drill program at the Arapaima Project in Brazil, including mobilization and initial drilling costs, with the balance allocated to general working capital. No finder's fees are payable in connection with the Private Placement.","length":305,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.","length":705,"tagName":"p"},{"type":"text","content":"About Spark Energy Minerals Inc.","length":32,"tagName":"p"},{"type":"text","cont...