Spark Energy Minerals Announces Private Placement

Executive Summary

• Spark Energy Minerals Inc. announced a non‑brokered private placement of up to 5,000,000 units at $0.06 per unit, targeting gross proceeds of up to $300,000.
• Each unit consists of one common share and one common share purchase warrant (exercise price $0.07, three‑year term).
• Proceeds will be used to advance exploration at the Arapaima Project in Brazil’s Lithium Valley and for general working capital.

Key Details

• Offering Size: Up to 5,000,000 units.
• Unit Price: $0.06 per unit.
• Gross Proceeds Target: Up to $300,000.
• Composition of Each Unit:
• 1 common share of Spark Energy Minerals Inc.
• 1 common share purchase warrant (right to purchase one additional share at $0.07 for three years from closing).
• Warrant Terms: Exercise price $0.07; exercisable for a period of three years after the closing date.
• Use of Proceeds:
• Advance exploration work at the Arapaima Project (Lithium Valley, Brazil).
• General working capital needs.
• Holding Period: All securities issued are subject to a statutory four‑month and one‑day hold period.
• Finder’s Fees: May be payable in connection with the offering, consistent with CSE policies.
• Regulatory Notice: Units are not registered under the U.S. Securities Act of 1933; they may not be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

(No direct quotes were provided in the release.)