Sparta Capital Prolongs Private Placement Offer

Sparta Capital (TSE:SAY) has released an update.

Sparta Capital has extended the deadline for its non-brokered private placement, aiming to raise up to $1,000,000 by selling units at $0.02 each, until September 25, 2024. This extension allows the company more time to connect with potential investors following the end of seasonal distractions. The capital raised will be directed towards audit, legal fees, and other corporate expenses, excluding payments to related parties or investor relations activities.

For further insights into TSE:SAY stock, check out TipRanks’ Stock Analysis page.