Sparrowhawk Opportunity closes $200,000 financing

Executive Summary

• Sparrowhawk Opportunity Corp. closed a non‑brokered private placement of 4 million common shares at $0.05 per share, generating gross proceeds of $200,000.
• Approximately 33% of net proceeds will be used to settle outstanding invoices; the remainder is earmarked for general working capital while the company seeks a qualifying TSX‑V transaction.

Key Details

• Issued 4,000,000 common shares at $0.05 per share → gross proceeds: $200,000.
• Net proceeds allocation: ~33% to pay listing, legal and accounting fees; remaining balance for working capital.
• All securities subject to a four‑month‑and‑one‑day statutory hold period under Canadian securities law.
• Offering remains pending final acceptance by the TSX Venture Exchange (TSX‑V).
• Finder’s fee payable to Leede Financial Inc.: $2,100.
• Insider participation: 320,000 common shares acquired; related‑party transaction reliance on exemptions from formal valuation and minority‑holder approval under MI 61‑101.
• Hillar Lilles’ holdings: pre‑offering 360,000 shares; purchased 220,000 shares in the offering; post‑offering total 580,000 shares (≈12% of outstanding common shares).
• Sparrowhawk is a capital pool corporation with no operations or assets other than cash; latest negative working capital as of Sept 30 2025 was $62,005.

Notable Quotes

(No executive quotes were provided in the release.)