Sceptre Ventures Adjusts Terms of Private Placement

Sceptre Ventures Inc., based in Vancouver, has revised the parameters of its non-brokered private placement previously announced earlier in February. The new terms involve issuing up to 12,008,200 units at $0.01 per unit, potentially raising $120,082 in gross proceeds. Each unit includes one common share and a warrant allowing the acquisition of an additional share at $0.05, valid for one year post-closure.

Funds from the placement will aid in evaluating a proposed Qualifying Transaction and for general capital needs. Insider participation may occur, classifying it as a "related party transaction" under MI 61-101. Exemptions concerning valuation and minority approvals will apply due to the company's market status.

The private placement is pending regulatory approvals, including from the TSX Venture Exchange. U.S. registration of securities is not planned. All securities will have a four-month statutory hold period.