Spark Energy Minerals Inc. Announces Closing of Second Tranche of Financing

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Feb 23, 2023

VANCOUVER, BC / ACCESSWIRE / February 22, 2023 / Spark Energy Minerals Inc., ("Spark" or the "Company" (CSE:EMIN)(Frankfurt:J8V)(OTC PINK:MTEHF), is pleased to announce that it has closed the second tranche of its non-brokered Unit Private placement (the "Financing"). In the first tranche the Company raised proceeds of $337,500 through the sale of 4,500,000 Units. In the second tranche the Company accepted subscriptions for 10,978,666 Units at a price of $0.075 per unit, for gross proceeds of $823,375. The Company paid finders fees on the second tranche to qualified finders of $38,442 and issued 381,920 broker warrants, which are on the same terms as the warrants forming part of the Units .