Spark Energy Announces Upsize of Previously Announced Private Placement and Amended and Restated Offering Document
Spark Energy Minerals Inc. (SPARF) has announced an upsize to its previously announced non-brokered private placement. The offering has been increased from 31,250,000 units to 32,654,863 units. The company expects to close a second and final tranche of 5,018,751 units around May 20, 2025, which would represent 104.5% of the originally planned offering.
The proceeds will be used to advance exploration at the company's flagship Arapaima Lithium Project in Minas Gerais, Brazil's Lithium Valley, as well as for general working capital and corporate purposes. The company has filed an amended offering document under the Listed Issuer Financing Exemption, available on SEDAR+ and the company's website.
Spark Energy Minerals Inc. (SPARF) ha annunciato un aumento rispetto alla sua precedente offerta privata senza intermediari. L'offerta è stata incrementata da 31.250.000 unità a 32.654.863 unità. La società prevede di chiudere una seconda e ultima tranche di 5.018.751 unità intorno al 20 maggio 2025, che rappresenterebbe il 104,5% dell'offerta originariamente prevista.
I proventi saranno utilizzati per avanzare l'esplorazione nel progetto di punta Arapaima Lithium della società nel Minas Gerais, nella Valle del Litio del Brasile, oltre che per il capitale circolante generale e scopi aziendali. La società ha depositato un documento di offerta modificato ai sensi dell'esenzione per finanziamenti di emittenti quotati, disponibile su SEDAR+ e sul sito web della società.
Spark Energy Minerals Inc. (SPARF) ha anunciado un aumento en su colocación privada previamente anunciada sin intermediarios. La oferta se ha incrementado de 31.250.000 unidades a 32.654.863 unidades. La compañía espera cerrar un segundo y último tramo de 5.018.751 unidades alrededor del 20 de mayo de 2025, lo que representaría el 104,5% de la oferta originalmente planeada.
Los fondos se utilizarán para avanzar en la exploración del proyecto insignia Arapaima Lithium de la compañía en Minas Gerais, en el Valle del Litio de Brasil, así como para capital de trabajo general y fines corporativos. La empresa ha presentado un documento de oferta enmendado bajo la Exención de Financiamiento para Emisores Cotizados, disponible en SEDAR+ y en el sitio web de la compañía.
Spark Energy Minerals Inc. (SPARF)는 이전에 발표한 비중개인 사모 발행 규모를 확대했다고 발표했습니다. 발행 단위 수가 31,250,000단위에서 32,654,863단위로 증가했습니다. 회사는 2025년 5월 20일경 두 번째이자 마지막 트랜치인 5,018,751단위를 마감할 예정이며, 이는 원래 계획된 발행량의 104.5%에 해당합니다.
수익금은 브라질 리튬 밸리인 미나스제라이스의 주력 프로젝트 Arapaima Lithium 프로젝트 탐사를 진행하는 데 사용되며, 일반 운전자본 및 기업 목적에도 활용될 예정입니다. 회사는 상장 발행인 금융 면제에 따라 수정된 발행 문서를 SEDAR+ 및 회사 웹사이트에 제출했습니다.
Spark Energy Minerals Inc. (SPARF) a annoncé une augmentation de son placement privé non parrainé précédemment annoncé. L'offre est passée de 31 250 000 unités à 32 654 863 unités. La société prévoit de clôturer une deuxième et dernière tranche de 5 018 751 unités autour du 20 mai 2025, ce qui représenterait 104,5 % de l'offre initialement prévue.
Les fonds seront utilisés pour faire avancer l'exploration du projet phare Arapaima Lithium de la société dans le Minas Gerais, la Vallée du Lithium du Brésil, ainsi que pour le fonds de roulement général et des fins corporatives. La société a déposé un document d'offre modifié dans le cadre de l'exemption de financement pour émetteurs cotés, disponible sur SEDAR+ et le site web de la société.
Spark Energy Minerals Inc. (SPARF) hat eine Aufstockung seiner zuvor angekündigten nicht vermittlergeführten Privatplatzierung bekannt gegeben. Das Angebot wurde von 31.250.000 Einheiten auf 32.654.863 Einheiten erhöht. Das Unternehmen plant, eine zweite und letzte Tranche von 5.018.751 Einheiten um den 20. Mai 2025 abzuschließen, was 104,5 % des ursprünglich geplanten Angebots entspricht.
Die Erlöse werden verwendet, um die Exploration des Flaggschiff-Projekts Arapaima Lithium des Unternehmens im Lithium-Tal von Minas Gerais, Brasilien, voranzutreiben sowie für allgemeines Betriebskapital und Unternehmenszwecke. Das Unternehmen hat ein geändertes Angebotsdokument unter der Ausnahmeregelung für börsennotierte Emittenten eingereicht, das auf SEDAR+ und der Website des Unternehmens verfügbar ist.
- Oversubscribed private placement reaching 104.5% of original target
- Successful fundraising to advance exploration of flagship lithium project
- Strategic location in Brazil's Lithium Valley
- Potential dilution for existing shareholders from additional unit issuance
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Spark Energy Minerals Inc. (CSE: SPRK) (OTC Pink: SPARF) (FSE: 8PC) ("Spark Energy" or the "Company") is pleased to announced that in connection with its non-brokered private placement financing of up to 31,250,000 units of the Company (the "Private Placement") as previously announced in its press release dated April 14, 2025 (the "Initial Press Release") management has approved an upsizing of the Private Placement from 31,250,000 Units to 32,654,863 Units. Any words capitalized but undefined herein shall have the meaning ascribed to such capitalized term in the Initial Press Release.
The Company anticipates closing a second and final tranche of the Private Placement in the amount of 5,018,751 Units on or about May 20, 2025. The issuance of 5,018,751 Units pursuant to the Private Placement would result in total subscription for Units of
In connection with the closing of the final tranche of Units pursuant to the Private Placement, the Company has filed an amended offering document dated May 16, 2025 related to the Private Placement in accordance with the Listed Issuer Financing Exemption that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.sparkenergyminerals.co. Prospective investors should read this amended offering document before making an investment decision.
The Company intends to use the net proceeds of the Private Placement to continue to maximize its exploration program throughout its extensive flagship Arapaima Lithium Project in Minas Gerais, Brazil's Lithium Valley, and for general working capital requirements and other corporate purposes.
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 use of the net proceeds of the Private Placement; the terms of the Private Placement; and the receipt of regulatory, stock exchange and other required approvals in connection with the Private Placement. 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/252496
FAQ
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