Sceptre Ventures Inc. Announces a Non-Brokered Private Placement and Debt Settlement
26 Marzo 2014 - 5:06PM
Access Wire
Vancouver, British Columbia /
ACCESSWIRE / March 26th, 2014 / Sceptre Ventures Inc. (the
"Company") (SVP.H-TSXV) announces a non-brokered
Private Placement of a minimum of 10,000,000 and up to a maximum of
20,000,000 common shares in the Company (each, a
"Share") at a
price of $0.05 per share for aggregate gross proceeds of at least
$500,000 and up to $1,000,000 (the "Offering"). In connection with
Offering, the Company may pay finders fees to arms length parties
consisting of (i) cash commission of up to 10% of the gross
proceeds of the Offering and (ii) broker warrants
('Broker
Warrants") in an amount up to 10% of the total number
of shares sold under the Offering. Each Broker Warrant will expire
12 months from the date of issue and will entitle the
holder to purchase one common share of the Company at a price of
$0.10 per share at any time up to the expiry date. The
proceeds raised will be used for general working capital and to pay
for expenses related to identification, evaluation and completion
of a Qualifying Transaction.
The Offering is subject to TSX
(NEX) Venture Exchange approval.
The Company further announces
that consultants, Mr. Jaime Stallwood and Mr. Graham Abbott, have
agreed to accept shares in lieu of cash for the repayment of
outstanding fees totaling $42,500 each for corporate development
services (the "Services") provided. As repayment
for the Services Mr. Stallwood and Mr. Abbott will each receive a
total of 708,333 common shares of the Company at a deemed price of
$0.06 per share, a 20% premium to the closing price on March 26th,
2014. The common shares to be issued in connection with the
settlement are being issued to preserve cash.
About
Sceptre Ventures Inc.
Sceptre Ventures Inc. is a Capital Pool Company ("CPC")
within the meaning of the policies of the TSXV and has not
commenced commercial operations and has no assets other than cash.
The Company is currently engaged in identifying and evaluating
businesses and assets with a view to completing a Qualifying
Transaction under the TSXV CPC policies.
For Further
Information:
Mr. Graham Abbott Mr. Jaime Stallwood
Tel: 604-688-4219 ext. 237 Tel: 604-688-4219 ext.236
Email: graham@sceptreventures.com
Email:
jaime@sceptreventures.com
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statement On
Forwarding- Looking Information: The statements made in this news
release may contain certain forward-looking statements. Actual
events or results may differ from the Company's expectations.
Certain risk factors may also affect the actual results achieved by
the Company. INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES
OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY
SPECULATIVE.
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