Spark Energy Announces Upsize of Previously Announced Private Placement and Amended and Restated Offering Document
Summary
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. The issuance of 5,018,751 Units pursuant to the Private Placement would result in total subscription for Units of 100% of the amount offered and 104.5% of the originally allotted 31,250,000 Units.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 Companys profile on SEDAR+ at www.sedarplus.ca and on the Companys website at www.sparkenergyminerals.co. 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.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. 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.