Sparton Resources Inc. Secures Approval for Private Placement

Sparton Resources Inc. announced the final approval of its non-brokered private placement, with total gross proceeds amounting to C$410,000. The company has issued two types of shares: 5,285,715 National Flow-Through Share Units and 6,000,000 Quebec Flow-Through Share Units, each priced at C$0.035 per unit. Both types include one common share and one-half warrant. Additionally, 500,000 non-flow-through share units were issued.

The proceeds are earmarked for qualifying resource exploration expenses under Canadian tax regulations. Sparton ensures renouncement of expenditures by December 31, 2025. Furthermore, finders' fees were paid in cash and warrants. Regulatory approvals have been obtained, excluding U.S. registration.

Funds will support exploration in Ontario and Quebec, particularly the Pense and Oakes projects. Ongoing activities include drilling and geophysical surveys, with results forthcoming.