Spark Power Group Inc. (TSX:SPG) announced that it has received a non-brokered private placement of 2,654,028 common shares at a price of CAD 2.11 per share for the gross proceeds of CAD 5,600,000 on June 28, 2021. The transaction included participation from leading returning investors Andrew Clark, Eric Waxman, Jason Sparaga and other members of the Company’s senior executive team. On post completion, each of Jason Sparaga and Andrew Clark holds 12,012,073 Common Shares and options to purchase 189,000 common shares, and Eric Waxman holds 1,566,651 common shares, options to purchase 308,000 common shares and RSUs representing 355,859 common shares. Collectively with Red Jar Capital, the three individuals control 27,249,566 Common Shares, options to purchase 686,000 Common Shares and RSUs representing 355,859 Common Shares, representing approximately 48.4% of the issued and outstanding Common Shares on a non-diluted basis and representing approximately 49.3% of the issued and outstanding Common Shares on a partially diluted basis.