Spark Energy Announces Revised Warrant Repricing and CSE Approval
Rhea-AI Summary
Positive
- Reduced warrant exercise price makes it more attractive for warrant holders to exercise their options
- CSE approval obtained for the warrant repricing initiative
Negative
- 50% reduction in potential capital raised if warrants are exercised (from $2.25M to $1.125M)
- Dilutive effect on existing shareholders if warrants are exercised at the lower price
News Market Reaction
On the day this news was published, SPARF declined 13.57%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Company") is pleased to announce that it intends to amend the exercise price of 15,000,0000 unlisted common share purchase warrants of the Company (the "Eligible Warrants") which were issued as part of the Company's acquisition of Tristar Energy Corp which closed on March 15, 2024. The Eligible Warrants are currently exercisable for one common share of the Company (each a "Common Share") at a price of
Further to the Company's press release dated May 7, 2025, the Company now intends to amend the exercise price to
About Spark Energy Minerals Inc.
Spark Energy Minerals, Inc. is a Canadian company focused on the acquisition, exploration, and development of battery metals and mineral assets, with a particular emphasis on its substantial interests in Brazil. The Company's flagship project is the Arapaima Lithium project spanning 64,359 hectares in Brazil's renowned Lithium Valley, one of the most prolific mining regions in the world. This region is rapidly gaining global recognition for its vast deposits of lithium and rare earth minerals, positioning Brazil as a critical player in the global energy transition.
FOR ADDITIONAL INFORMATION SEE THE COMPANY'S WEBSITE AT:
https://sparkenergyminerals.com
Email to info@sparkenergyminerals.com
Contact: Eugene Hodgson, CEO, Tel. +1-778-744-0742
Forward-Looking Statement Disclaimer
Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "may be", or similar words (including negative or grammatical variations) suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to: the potential exercise of any Eligible Warrants and the success of the Warrant Repricing. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including the receipt of required regulatory approvals; current forecasts and anticipated utilization rates; the availability of debt and equity financing; and the level of competition in the marketplaces and industries in which the Company operates. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Spark Energy with the securities regulatory authorities, available at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254086
FAQ
What is the new exercise price for SPARF's warrants after the repricing?
When does Spark Energy's warrant repricing take effect?
How many warrants are affected by SPARF's repricing announcement?
When do Spark Energy's repriced warrants expire?
What was the original purpose of these SPARF warrants?
