(TheNewswire)
May 05, 2022 – TheNewswire - Vancouver, BC, Canada - Sparx Technology Inc. (TSXV:SPRX) (“Sparx” or the “Company”)is pleased to announced that it has engaged the services of PI Financial Corp. (“PI”) to provide market-making services in accordance with the TSX Venture Exchange policies.
PI will trade the securities of the Company on the TSXV for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 for minimum term of three months and renewable thereafter. The services provided by PI commenced on April 18, 2022. PI will not receive shares or other securities as compensation. The capital used for market making will be provided by the Company.
PI Financial Corp. is an independent investment dealer with offices across Canada, which provides a full range of investment products and services for individual, corporate and institutional investors. Sparx and PI are unrelated and unaffiliated entities. PI does not have any interest, directly or indirectly, in Sparx or its securities, nor any right or intent to acquire such an interest.
For more information, please contact Al Thorgeirson, the CEO and President of the Company, at (403) 471-3503 or email: al@sparxtechnology.com.
Al Thorgeirson
CEO and President
ABOUT SPARX:
Sparx is an interactive media technology company whose principal activities are providing media companies and sports teams with technologies to engage audiences. The patented Sparx platform enables broadcasters, streamers, and video producers to engage viewers for longer, generate new revenue opportunities, and create lean-forward experiences for audiences eager to join the action. Millions of users can connect to the Sparx platform and interact simultaneously on their mobile phone, tablet, or computer anywhere in the world, in real time.
For more information about Sparx, visit the Company’s website at www.sparxtechnology.com
Neither 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.
Forward-Looking Statements
Statements included in this news release, including statements concerning the Company’s plans, intentions, and expectations, which are not historical in nature, are intended to be, and are hereby identified as, “forward‐looking statements”. Forward-looking statements include, among other matters, the anticipated use of proceeds from the Financing. Forward‐looking statements may be, but are not always, identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties (including risks that the Transaction does not proceed, or proceed on the expected terms, geopolitical risk, regulatory, Covid-19 and exchange rate risk) that could cause actual results to differ materially from those indicated in the forward‐looking statements. There can be no assurance that any forward-looking statement will prove to be accurate or that management's assumptions underlying such statements, including assumptions concerning the Company or future developments, circumstances or results will materialize. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.
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