Business
Spark Energy Minerals Announces Receipt of $1.7 Million from Warrant Exercises
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to announce that it has received aggregate proceeds of $1,734,965 from the exercise of 34,699,307 common share purchase warrants in connection with the Company's previously announced warrant incentive program (the "Incentive Program").Each warrant was exercised at a price of $0.05. Upon exercise of the warrants in...
About this update from Spark Energy Minerals Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark" or the "Company") is pleased to announce that it has received aggregate proceeds of $1,734,965 from the exercise of 34,699,307 common share purchase warrants in connection with the Company's previously announced warrant incentive program (the "Incentive Program").","length":443,"tagName":"p"},{"type":"text","content":"Each warrant was exercised at a price of $0.05. Upon exercise of the warrants in accordance with the Incentive Program, the Company issued a total of 34,699,307 common shares and 34,699,307 incentive warrants (the "Incentive Warrants"). Each Incentive Warrant entitles the holder thereof to purchase one common share of the Company for a period of 1 year from the date of issuance, at a price of $0.06 per share.","length":422,"tagName":"p"},{"type":"text","content":"Spark CEO, Dr. Fernando Tallarico, commented: "I wish to thank all the shareholders that participated in the Warrant Incentive program. The proceeds will subsidize the continuity of our successful exploration efforts in the Lithium Valley."","length":250,"tagName":"p"},{"type":"text","content":"Spark expects to use the proceeds received from the exercise of the warrants for advancing exploration activities and general working capital.","length":142,"tagName":"p"},{"type":"text","content":"All warrants that were not exercised under the Incentive Program will remain outstanding and continue to be exercisable for common shares of the Company on their original terms, other than the warrants originally issued on January 31, 2024, which have now expired. The Incentive Warrants, and any shares issuable on the exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the Incentive Warrants.","length":460,"tagName":"p"},{"type":"text","content":"Participation in the Incentive Program by an officer of the Company (the "Related Party") constituted a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Notwithstanding the foregoing, the directors of the Company have determined that the Relate...