Spark Energy Minerals Inc. (CNSX:EMIN) entered into an agreement to acquire Nova Energia Property from Talisman Venture Partners, Ltd. on March 8, 2023. Spark shall pay CAD 0.1 million on signing of the agreement, 10 million units of Spark Energy Minerals. Each unit will consist of one common share of Spark Energy Minerals and an additional warrant giving the unit holder the right to purchase an additional share of Spark Energy Minerals at CAD 0.15.

The warrant will have two year term attached. Talisman shall retain a 1% N.S.R. Spark Energy Minerals can purchase 0.5% from Talisman at any time for CAD 1 million. The completion of transaction is subject to customary closing conditions including Spark Energy Minerals being satisfied with the results of its due diligence review.

Spark Energy Minerals Inc has 90 calendar days from the date of execution of the agreement to complete.