Spackman Equities increases SPX stake

Spackman Equities Group (TSXV: SQG) completed the acquisition of 3,914,150 common shares of SPX Management Limited from certain shareholders, increasing its equity interest from 19.18% to 46.47%. The consideration was 39,141,500 common shares of SQG issued at a deemed price of $0.10 per share. SPX is a China — Hong Kong-incorporated company providing sports management services in South Korea, including athlete representation, sports marketing, and event organization. The acquisition was completed as an Expedited Acquisition under TSX Venture Exchange Policy 5.3, and the issued shares are subject to a four-month-and-one-day hold period. No finder's fees were paid.