Sparta Group Extends Private Placement Deadline

Sparta Group (TSXV:SAY), a Toronto-based technology company, has announced the extension of its non-brokered private placement. Initially set to end on May 13, 2024, the placement will now close on August 25, 2024. The company aims to raise up to $1,000,000 by offering 50,000,000 units at $0.02 per unit.

The extension of the private placement is pending certain conditions, including approvals from the TSX Venture Exchange Inc. All securities issued will be under a four-month hold period. The placement leverages exemptions for existing security holders, limiting their investment to $15,000 unless advised otherwise by a registered dealer.

Funds raised will support the launch of TruckSuite™ Canada, covering audit, legal, and license fees, along with brokerage and product promotion. No capital will be allocated to non-arm's length parties or investor relations activities.