Sparta Capital Ltd. announced a a non-brokered private placement of up to 50,000,000 units at a price of CAD 0.02 per Unit for gross proceeds of up to CAD 1,000,000 on May 13, 2024. Each unit is comprised of one common share and one full Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at a price of CAD 0.10 per Common Share for a period of eighteen months from the date of closing the Offering.

The Offering is subject to certain conditions including but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange Inc. Pursuant to applicable securities laws, all securities issued pursuant to the Offering will be subject to a four-month hold period from the date of closing. For those investors relying upon the exemption for existing security holders, the aggregate acquisition cost to a subscribing shareholder of all securities of the company cannot exceed CAD 15,000 in the previous 12 months, unless that shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer in the subscriber?s jurisdiction. The offer to purchase Units is available to all security holders of the company who held Common Shares on November 25, 2022.

Shareholders residing in Ontario, Newfoundland and Labrador, and countries other than Canada will need to meet local jurisdiction requirements to participate.