SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI" or the "Company") (TSX VENTURE:SQG) is
pleased to announce that the previously announced private placement (the
"Private Placement") of common shares of the Company has closed for gross
proceeds of $4,350,000. The Company issued 39,545,451 common shares to
arms-length investors at a price of $0.11 per common share. The proceeds of the
Private Placement will be used by SEGI to pursue additional investments and for
working capital purposes. The Company will pay a finder's fee of 5% of the gross
proceeds of the Private Placement to Lerner, Griffin & Peltz Ltd.


The common shares issued in connection with the Private Placement will be
subject to a four month hold period expiring on September 26, 2012. The Private
Placement remains subject to final acceptance by the TSX Venture Exchange.


About Spackman Equities Group Inc.

Spackman Equities Group Inc. is a diversified investment holding company that
invests into and develops small/medium-sized growth companies that possess
proprietary technologies or industry-specific know-how, primarily in Asia. The
objectives of SEGI are to (i) selectively invest into or acquire businesses with
compelling growth potential at attractive valuations, (ii) build a diversified
portfolio of investments, and (iii) deliver the collective value derived from
the performance of its portfolio of investments to the shareholders of SEGI.
Currently, SEGI's investment portfolio consists of a 17.92% equity stake in
Intech LCD Group Limited, a China-based developer and manufacturer of flat panel
displays and modules, and, through its holding subsidiaries, SEGI indirectly
owns majority stakes in two leading Korean movie production companies, namely,
Opus Pictures Co., Ltd. and Zip Cinema Co., Ltd. www.spackmanequities.com

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Feb 2025 to Mar 2025

Spackman Equities (TSXV:SQG)
Historical Stock Chart
From Mar 2024 to Mar 2025