Star Metro - Sparta Capital Announces Filing of Interim Financial Statements

TORONTO, ON / ACCESS Newswire / June 1, 2025 / Sparta Group (TSX.V:SAY) (the "Corporation" the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta") has announced that it has filed its interim financial statements for the three-month period ended March 31, 2024, and the related management's discussion and analysis. The filings can be accessed under the company's profile at www.sedarplus.ca.

The Alberta Securities Commission, as the principal regulator of the company, issued a failure-to-file cease trade order (FFCTO) against the company under Multilateral Instrument 11-103, Failure-To-File Cease Trade Orders in Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the company by any person or company in Canada, including trades in the company's shares made through the TSX Venture Exchange, except in accordance with the following conditions, for so long as the FFCTO order remains in effect: a beneficial security holder of the company who is not, and was not at the date of the FFCTO, an insider or control person of the company, may sell securities of the company acquired before the date of Feb. 3, 2025, if both of the following apply: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

The company has filed a revocation application to revoke the Failure to File Cease Trade Order. The company will provide further updates as they become available.

About Sparta

Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. Sparta's business entities fall into three different divisions: Environment: ERS International, is a waste management operation with its state-of-the-art, proprietary e-waste processing technologies. ERS is dedicated to continuous innovation, as well as increased sustainability and security for both the company and its customers. It offers a unique carbon credit program and has attracted significant attention from companies that deal with big data and the need to reduce carbon footprint. ERS has operations in Canada, the Middle East and South America. Health: Sparta Health Corporation is a vertical harnessing the power of Artificial Intelligence (AI), Machine Learning (ML), and Augmented Reality (AR), to develop technologies that enhance personalized patient care and improve treatment outcomes. Transportation: TruckSuite™, is a comprehensive suite of products and services designed to keep trucks operational and drivers competitive. TruckSuite management believes their offerings can play a pivotal role in enhancing the logistics and transportation industry.

Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V: SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedarplus.ca.

For more information contact:

Tony Peticca, President
Email: [email protected]
Telephone: 416-648-6506

This above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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

SOURCE: Sparta Capital Ltd.

View the original press release on ACCESS Newswire

G.Boudreau--SMC