OAKVILLE, ON, Nov. 6, 2019 /CNW/ - Spark Power Group Inc. (TSX:
SPG) (SPG.WT), parent company of Spark Power Corp. ("Spark
Power", "Spark" or the "Company"), a leading
independent provider of end-to-end electrical contracting,
operations and maintenance services, and energy sustainability
solutions to the industrial, commercial, utility, and renewable
asset markets across North America is pleased to announce
additional information regarding the participation of insiders of
Spark in the rights offering (the "Rights Offering") of the
Company that closed on October 31,
2019.
Pursuant to the basic subscription privilege under the Rights
Offering, 4,138,064 common shares of Spark ("Common Shares")
were distributed at a price of C$0.96
per Common Share. Of these Common Shares, 3,243,198 were
distributed to persons who are insiders of Spark and
894,866 Common Shares were issued to the remaining subscribers
under the basic subscription privilege.
Pursuant to the additional subscription privilege under the
Rights Offering, 1,549,041 Common Shares were distributed. Of these
Common Shares, 691,317 were distributed to persons who are insiders
of Spark and 857,724 Common Shares were issued to the
remaining subscribers under the additional subscription
privilege.
About Spark Power
Spark Power Corp. is the leading independent provider of
end-to-end electrical contracting, operations and maintenance
services, and energy sustainability solutions to the industrial,
commercial, utility, and renewable asset markets in North America. We work to earn the right to be
our customers' Trusted Partner in PowerTM. Our highly
skilled and dedicated people, knowledge of the power industry,
distributed branch model, and commitment to safety ensures we
deliver the right solutions that keep our customers' operations up
and running today and better equipped for tomorrow. Learn more at
www.sparkpowercorp.com.
SOURCE Spark Power Group Inc.