Sparton Resources Inc. has announced the completion of its non-brokered private placement offering, raising a total of C$410,000 through two tranches. The final tranche closed on December 12, 2025, with the company issuing 5,285,715 National Flow-Through Share Units at C$0.035 per unit for proceeds of C$185,000. Each unit includes one common share and one-half of a non-flow through share purchase warrant, with each full warrant allowing the holder to purchase one common share at C$0.08 within 12 months. The securities are subject to a statutory hold period ending April 13, 2026. Proceeds will fund exploration activities on Sparton's critical metals projects in Ontario and for general corporate purposes. The offering received all necessary regulatory approvals and the securities have not been registered under U.S. securities laws.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sparton Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9601675-en) on December 12, 2025, and is solely responsible for the information contained therein.
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