Sceptre Ventures Announces Share Consolidation and Private Placement

Sceptre Ventures Inc., a capital pool company based in Vancouver, has announced a 10-for-1 share consolidation. This move will reduce the number of outstanding shares from 24,016,477 to approximately 2,401,647, pending TSX Venture Exchange approval. The consolidation aims to enhance marketability and support future fundraising.

In addition, Sceptre Ventures plans a non-brokered private placement to raise up to $300,000 by issuing up to 6,000,000 units at $0.05 per unit. Each unit comprises a share and a warrant, exercisable at $0.075. Proceeds will fund a proposed Qualifying Transaction and general working capital.

Regulatory approvals are pending, and the private placement is subject to a statutory hold period. Shares will not be registered under the US Securities Act and are not offered in the US. Further updates, including the consolidation's effective date, will be provided later.