Spark Energy Minerals Inc. announced a private placement of up to 6,666,667 units at an issue price of CAD 0.075 per unit for the gross proceeds of CAD 500,000.025 on May 27, 2024. Each Unit will consist of one common share and one common share purchase warrant and to purchase an additional common share at a price of CAD 0.12 per Warrant Share for a period of two years from the date of issue. The Securities will be subject to a hold period of four months and one day from the date of closing of the Private Placement.

The transaction is subject to the policies of the Canadian Securities Exchange.