SDE's Deals And Two Placements at C$4 and C$4.92Spartan will also undertake a non-brokered private placement of: (i) Common Shares at a price of $4.00 per Common Share; and (ii) Common Shares to be issued on a "CDE" flow-through basis (the "Flow-Through Shares") at a price of $4.92 per Flow-Through Share, for aggregate gross proceeds of $50.0 million (collectively, the "Private Placement"). All Spartan cornerstone shareholders have committed to participate in the Private Placement. The completion of the Private Placement is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSXV. Closing of the Private Placement is expected to occur contemporaneous with the completion of the Inception Acquisition.