Sceptre Ventures Announces Amendment and Closing of Private Placement Offering

Executive Summary

• Sceptre Ventures Inc. amended its previously announced non‑brokered private placement, issuing up to 600,000 common shares at $0.50 per share for gross proceeds of $300,000.
• The amended private placement was fully subscribed and closed, with proceeds earmarked for evaluating a qualifying transaction and general working capital.
• No finder’s fees were paid; the shares are subject to a statutory hold period of four months and one day and remain unregistered in the United States.

Key Details

• Amended Offering Size: Up to 600,000 common shares (pre‑consolidated basis).
• Price per Share: $0.50.
• Gross Proceeds: Up to $300,000.
• Closing Status: Fully subscribed; aggregate of 600,000 shares issued at the stated price.
• Use of Proceeds:
• Identify and evaluate a proposed Qualifying Transaction under TSX Venture Exchange Policy 2.4.
• General working capital purposes.
• Finder’s Fees: None paid in connection with this placement.
• Statutory Hold Period: Four months and one day from issuance, per applicable securities laws.
• Regulatory Conditions: Subject to final acceptance by the TSX Venture Exchange; shares not registered under U.S. securities law and may not be offered/sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were included in the release.)