Spark Energy Announces Private Placement Securing $1.85 Million from Sorbie Bornholm LP
Summary
The Sharing Agreement provides that the Companys economic interest will be determined in 12 monthly settlement tranches as measured against the Benchmark Price (as defined herein). Prospective investors should read this offering document before making an investment decision.The Units issued to Sorbie will be subject to the terms of an escrow agreement. Sorbie will receive a corporate finance fee of $111,000, payable via the issuance of 1,541,667 Units on the terms noted above.Eugene Hodgson, Chief Executive Officer of Spark commented: "We are very pleased to have secured this strategic investment from an international institutional investor, which we view as a strong vote of confidence in Spark Energys long-term vision and growth potential. "Whitney Kofford, Managing Director of Sorbie commented: "We are pleased to announce our partnership with Spark Energy Minerals Inc. at such a crucial juncture in their growth. We are proud to provide Spark with the kind of flexible, supportive capital that helps unlock long-term value - not only for shareholders but for the critical global battery mineral supply chains.
Funding
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