SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that its
entertainment subsidiary, Spackman Entertainment Group Limited ("SEGL"),
completed a total of USD 4.6 million in pre-IPO financing by way of an equity
private placement of shares to three investors. Under this financing, SEGL
issued 1,776 common shares at USD 2,588 per share which is equivalent to a
pre-money valuation for SEGL of USD 40 million (CAD $ 44 million). This is in
addition to last year's total financing of USD 4.65 million, in which USD 3.15
million was raised through a private placement of shares at USD 1,000 per share,
and USD 1.5 million through the issuance of convertible notes with a term of 2
years, interest rate of 2% per annum, and are convertible into common shares of
SEGL at a conversion price of USD 1,000 at any time before maturity (the
"Notes"). 


Concurrent to this latest equity financing, all USD 1.5 million of the
outstanding Notes were converted into 1,500 newly issued shares of SEGL pursuant
to the Notices of Conversion recently received from all holders of the Notes.


After the issuance of shares pursuant to this financing and the conversion of
all outstanding Notes, SEGI owns 7,730 common shares, or 44.9%, of the total
17,226 outstanding shares of SEGL. This translates into the Company owning
approximately USD 20 million (CAD $22 million) of SEGL shares based on the
latest subscription price per share of USD 2,588. 


Due to this latest financing, the planned listing of SEGL on the Catalist board
of the Singapore Exchange is now slated for late June to early July 2014. 


About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is an investment holding company that
invests into and develops small/medium-sized growth companies that possess
industry-specific know-how or proprietary technologies, primarily in Asia. SEGI
also makes investments in selected publicly-traded companies that SEGI believes
are attractive investment propositions. The objectives of SEGI are to (i) invest
into or acquire businesses with compelling growth potential at attractive
valuations, (ii) build a diversified and balanced 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 holdings include:




--  44.9% ownership of Spackman Entertainment Group Limited, an
    entertainment holding company that wholly-owns Zip Cinema Co., Ltd.,
    Opus Pictures Co., Ltd., and Spackman Entertainment Korea Inc.;

--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities; and

--  a selective portfolio of marketable securities.



Visit www.spackmanequities.com for further information.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL") is a leading entertainment
production company that is primarily engaged in the independent development,
production, and financing of theatrical motion pictures in Korea. 


Its two wholly-owned motion picture production subsidiaries, namely, Zip Cinema
Co., Ltd. ("Zip") and Opus Pictures Co., Ltd. ("Opus"), are two of the most
recognized film production labels in Korea, and have originated and produced
some of Korea's most commercially successful theatrical films for the past 6
years. Films produced by Zip and Opus are theatrically distributed and released
in Korea and overseas markets, as well as for subsequent post-theatrical
worldwide release in other forms of media, including cable television, broadcast
television, IPTV, video-on-demand, and home video/DVD, etc. Zip and Opus' motion
pictures are released into wide-theatrical exhibition initially in Korea, and
then in overseas and ancillary markets. 


Collectively, Zip and Opus produced and released a total of 12 theatrical motion
pictures since 2008, the majority of which were profitable and some of which
were among the top grossing films in Korea in recent years. Recent theatrical
releases of our motion pictures include some of Korea's highest grossing and
award-winning films such as SNOWPIERCER (2013), COLD EYES (2013), and ALL ABOUT
MY WIFE (2012). 


SEGL also owns 100% of Spackman Entertainment Korea Inc. ("SEKI"), an investment
company incorporated in Korea that makes early-stage investments into films
developed and produced by Zip and Opus. SEKI also owns a majority equity
interest in Upper West Inc., the operator of a trendy cafe lounge in Korea's
Gangnam district. 


On August 2, 2013, SEGL engaged PrimePartners Corporate Finance Pte. Ltd. as its
Full Sponsor to prepare for an initial public offering on the Catalist board of
the Singapore Exchange. Through this proposed listing, SEGL plans to raise
capital to expand Zip's and Opus' future slate of productions, make further
acquisitions of production businesses and brands, and for general working
capital. The listing is expected to be completed in June/July 2014.


Visit www.zipcine.com and www.opuspictures.com for further information.

Forward-Looking Statements

Included in this news release may be matters that constitute "forward-looking"
information within the meaning of Canadian securities law. Such forward-looking
statements may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may" or words of a similar nature. There can
be no assurance that such statements will prove to be accurate. Actual results
and future events could differ materially from such statements. Factors that
could cause actual results to differ materially include among others, regulatory
risks, risk inherent in foreign operations, commodity prices and competition.
Most of these factors are outside the control of the Company. All subsequent
forward-looking statements attributable to the Company or its agents are
expressly qualified in their entirety by these cautionary comments. Except as
otherwise required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spackman Equities Group Inc.
Floria Lin
+852 3902 3287
info@spackmanequities.com

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