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Spark Energy Minerals Announces Upsize of Previously Announced Private Placement and Amended and Restated Offering Document
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Compa
About this update from Spark Energy Minerals Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) (\"Spark Energy\" or the \"Company\") is pleased to announced that in connection with its non-brokered private placement financing of up to 31,250,000 units of the Company (the \"Private Placement\") as previously announced in its press release dated April 14, 2025 (the \"Initial Press Release\") management has approved an upsizing of the Private Placement from 31,250,000 Units to 32,654,863 Units. Any words capitalized but undefined herein shall have the meaning ascribed to such capitalized term in the Initial Press Release. The Company anticipates closing a second and final tranche of the Private Placement in the amount of 5,018,751 Units on or about May 20, 2025. The issuance of 5,018,751 Units pursuant to the Private Placement would result in total subscription for Units of 100% of the amount offered and 104.5% of the originally allotted 31,250,000 Units. In connection with the closing of the final tranche of Units pursuant to the Private Placement, the Company has filed an amended offering document dated May 16, 2025 related to the Private Placement in accordance with the Listed Issuer Financing Exemption that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.sparkenergyminerals.co. Prospective investors should read this amended offering document before making an investment decision. The Company intends to use the net proceeds of the Private Placement to continue to maximize its exploration program throughout its extensive flagship Arapaima Lithium Project in Minas Gerais, Brazil's Lithium Valley, and for general working capital requirements and other corporate purposes. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any j...