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Sparton Announces New Stock Options Repricing

By The Northwire Desk — AI Analysis Dec 22, 2025 · 11:02 SRI · 0.03 Sparton Resources Inc.
SRI · Price

Executive Summary

  • Sparton Resources Inc. repriced 4,200,000 incentive options to a $0.05 per share exercise price, effective December 12 2025, with a three‑year term expiring on December 12 2028.
  • The previously issued options (announced on December 12 2025) were cancelled.
  • Drilling continues on the Quebec Pense Project; new geophysical data will be released when available.

Key Details

  • Incentive Options: 4,200,000 options granted to directors, officers and consultants; vested immediately; exercise price $0.05 per share; term = 3 years (expires Dec 12 2028).
  • Repricing Basis: Adjusted in accordance with the TSXV Market Price Definition under Policy 1.1‑4.4.
  • Cancellation: All prior options referenced in the December 12 2025 release have been cancelled.
  • Pense Project: Ongoing drilling on Quebec Pense claims; new Expert Geophysics Target EM survey completed; results pending.

Notable Quotes

(No direct quotes provided in the release.)

Read the original news release →

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