Spark Energy Minerals Announces Non-Brokered Private Placement to Fund Near-Term Drilling at Arapaima

Executive Summary

• Spark Energy Minerals Inc. announced a non‑brokered private placement of up to 10,000,000 units for $0.05 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.06, exercisable for three years; securities are subject to a four‑month‑plus hold period.
• Net proceeds will fund the near‑term drilling program at the Arapaima Project in Brazil and provide general working capital.

Key Details

• Offering Size: Up to 10,000,000 units (each $0.05) → maximum gross proceeds of $500,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.06 per share).
• Warrant Terms: exercisable for three years from issuance; no expiry beyond that period.
• Hold Period: Securities subject to a lock‑up of four months and one day from closing date.
• Closing Timeline: Expected on or about November 28, 2025, or later at the Company’s discretion.
• Use of Proceeds:
• Primary: fund near‑term drilling program at the Arapaima Project (mobilization & initial drilling costs).
• Secondary: general working capital.
• Fees: No finder's fees payable in connection with the private placement.
• Regulatory Notices: Securities not registered under U.S. securities laws; offering limited to jurisdictions where lawful.

Notable Quotes

(No CEO/President quotes were included in the release.)