Sparta Capital (TSE:SAY) has released an update.
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Sparta Capital has successfully completed a non-brokered private placement, issuing over 5 million units at $0.02 each to raise a total of CDN $102,030. The company plans to use the proceeds to cover audit, legal, and license fees, ensuring no funds will go to non-arm’s length parties or investor relations activities. The transaction is subject to final approval by the TSX Venture Exchange and will be subject to a four-month hold period.
For further insights into TSE:SAY stock, check out TipRanks’ Stock Analysis page.