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Sparx Technology Inc. announces it will not proceed to combine with Railtown Capital Corp.

Sparx Technology Inc. announces it will not proceed to combine with Railtown Capital Corp.
The board of directors of Sparx Technology Inc. confirmed today the company will not proceed with a reverse takeover of Railtown Capital Corp. . The company is actively exploring other financing options to provide growth capital and strategic opportunities. “Sparx continues to be very encouraged by the significant opportunities in our space in a number of exciting verticals. Notably the imminent changes in …
The board of directors of Sparx Technology Inc. confirmed today the company will not proceed with a reverse takeover of Railtown Capital Corp. (TSXV: RLT.P). The company is actively exploring other financing options to provide growth capital and strategic opportunities. ....

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Railtown Capital Corp. to Combine with Sparx Technology Inc., an Industry Leader in Interactive Media Technology

Railtown Capital Corp. to Combine with Sparx Technology Inc., an Industry Leader in Interactive Media Technology
Railtown or the
Company ) is pleased to announce that it has signed a non-binding letter of intent dated February 19, 2021 (the
LOI
) with Sparx Technology Inc. (
Sparx ), an arm s length private company incorporated under the laws of Canada, to effect a transaction that will result in a reverse takeover of Railtown by Sparx (the
Transaction ). Trading in the common shares of the Company (the
Common Shares ) has been halted in accordance with the policies of the TSX Venture Exchange (the
TSXV ) and will remain halted until such time as all required documentation has been filed with and accepted by the TSXV. ....

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Railtown Capital Corp.: Railtown Completes Initial Public Offering and Non-Brokered Private Placement

Railtown Capital Corp.: Railtown Completes Initial Public Offering and Non-Brokered Private Placement
Railtown Capital Corp. (TSXV: RLT.P) (the
Company ) is pleased to announce that on January 28, 2021 it completed an initial public offering (the Offering ) in British Columbia and Alberta of 5,000,000 common shares ( Common Shares ) in the capital of the Company at a price of $0.10 per Common Share for gross proceeds of $500,000 pursuant to a final prospectus dated January 8, 2021 (the Prospectus ).
Canaccord Genuity Corp. (the Agent ) acted as agent in the Offering, in connection with which it received a cash commission equal to 10% of the gross proceeds of the Offering and an administrative fee. In addition, an aggregate of 500,000 agent s warrants were issued to the Agent and its selling group, each such agent s warrant entitling the holder to acquire one Common Share at an exercise price of $0.10 expiring 60 months from the date that the Common Shares are list ....

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