Sceptre Ventures Launches $500,000 Private Placement

Sceptre Ventures Inc., listed on the TSX Venture Exchange, plans a non-brokered private placement to raise up to $500,000. The offering consists of up to 50,000,000 units at $0.01 per unit, each including one common share and one transferable share purchase warrant. Warrants allow purchase of an additional share at $0.05 within two years.

Proceeds will target a proposed qualifying transaction, aligned with TSX policy, and cover general operating needs. Certain insiders may participate, marking it a related party transaction under Canadian regulations. Securities face a statutory hold period post-closing.

Completion depends on regulatory approvals, with restrictions on US transactions. No sale will occur where the offer is unlawful. The company uses exemptions under MI 61-101 due to the limited market and fair value criteria.