Mr. Hillar Lilles reports
SPARROWHAWK OPPORUNITY CORP. ANNOUNCES PRIVATE PLACEMENT FINANCING
Sparrowhawk Opportunity Corp. has arranged a private placement financing to enhance the corporation's working capital position.
The placement will be a non-brokered private placement offering of up to 1.5 million common shares of the corporation at a price of five cents per share for gross proceeds of up to $75,000. Directors are expected to subscribe for between $5,000 and $20,000 under the offering.
The net proceeds from the offering will be used for general working capital and toward any costs associated with a future qualifying transaction as such a term is defined in Policy 2.4, Capital Pool Companies, of the TSX Venture Exchange.
No finders' fees will be payable in connection with the offering.
The closing of the offering is expected to occur on or about June 25, 2026, and is subject to final acceptance of the TSX Venture Exchange. All securities issued under the offering will be subject to a four-month hold period.
A-Labs, a capital pool company within the meaning of the policies of the TSX-V, does not have any operations and has no assets other than cash. The most recent working capital balance as at Dec. 31, 2025, was $103,597.
The corporation's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the TSX-V. The corporation will continue actively looking for a suitable qualifying transaction.
We seek Safe Harbor.
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