Sceptre Ventures Plans Share Consolidation

Sceptre Ventures Inc., a Capital Pool Company listed on the TSX Venture Exchange, has announced a proposed consolidation of its common shares. The consolidation will occur on a 10-to-1 basis, reducing the total outstanding shares from 24,016,477 to approximately 2,401,648. The company's board believes this action will improve marketability and assist in future fundraising efforts. Approval from the TSX Venture Exchange is pending.

No fractional shares will be issued; shareholders will receive whole shares. The exercise price and number for outstanding options and warrants will be adjusted accordingly. Sceptre does not plan to alter its name or trading symbol following this consolidation. Details on the effective date will be shared in future announcements.