VANCOUVER, BC / ACCESSWIRE / May 12, 2014 / SCEPTRE VENTURES INC. (the "Company") (SVP.H-TSXV) is pleased to announce that it has closed its non-brokered private placement announced on March 26th, 2014 (the "Offering"). On closing, Sceptre issued 10,000,000 shares ("Shares") at a price of $0.05 per Share for gross proceeds of $500,000. The proceeds of the Offering will be used for general working capital and to pay for expenses related to the identification, evaluation and completion of a Qualifying Transaction.
In connection with the Offering, Sceptre paid a total of $31,250 cash and 625,000 non-transferable finder-warrants in finder's fees. Each finder warrant entitles the holder to purchase one Share at a price of $0.10 for a period of 12 months following the closing date of the Offering.
All securities issued in connection with the Offering are subject to a statutory hold period of four-months and one from the date of closing in accordance with applicable securities law.
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 proposes to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the TSXV CPC policies.
For Further Information:
Mr. Graham Abbott
Tel: 604-688-4219 ext. 237
Mr. Jaime Stallwood
Tel: 604-688-4219 ext. 236
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.
We seek safe harbour.
SOURCE: Sceptre Ventures Inc.