Sparta Expands ReECO Tech™ Brand

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Calgary, Alberta (FSCwire) - As planned, Sparta Capital Ltd. (TSXV: SAY.H), (the “Corporation” or “Sparta) has expanded its ReECO Tech brand to include electronic recycling; a global sector that is expected to be worth close to 50 billion dollars by 2020.

 

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This addition to the ReECO Tech brand means the company is positioned to assist literally thousands of industrial and commercial operations to safely dispose of their electronic waste while assisting the environment in the process. The business consulting firm, Allied Market Research recently announced that the global e-waste management market is likely to register a compound annual growth rate of over 20 percent from 2014 through 2020.

 

Electronic waste is not waste. It is equipment and parts that are marketable for both resale or for recycling. The explosion of growth in the electronics industry, along with short product life cycle, means the generation of solid electronic waste is increasing at a rapid rate.

 

The United Nations reports that e-waste contains deposits of precious metals estimated to be up to 50 times richer than ores mined from the Earth.

 

“While there is monetary value in e-waste, which includes gold, silver, copper, and other metals, there is also the fact that toxic materials in electronics can be released into the environment. Electronic recycling addresses this problem and we’re proud to soon be a part of the solution,” said Tom Brown, President of Sparta Capital.

 

About Sparta:

 

Sparta Capital Ltd. fosters and distributes a range of energy efficient solutions. Following the acquisition of Canadian based Newport Environmental Technologies Ltd. (“Newport”) Sparta continued the process of securing several other licenses for technologies developed to save fuel, while reducing carbon emissions in various markets. Since the acquisition of Newport, Sparta established three new divisions: Sparta Technologies 4 Mining Ltd; to cater to the special needs of the mining industry, Illumineris Inc., offering a comprehensive suite of smart-building, energy-optimization technologies; including a unique line of glow-in-the-dark safety products, and ReECO Conversion Technologies Ltd; a biomass conversion division. For a more detailed look at the company profile, please visit the Sparta website (www.spartacapital.com).

 

About ReECO Tech:

 

ReECO Tech Conversion Technologies Ltd. (ReECO Tech) is a Canadian controlled corporation, established to reduce and sequester CO2 emissions through the conversion of waste materials. The company recognizes the difference between how Mother Earth deals with carbon produced today; being sequestered with help from the sun’s rays, verses the carbon chains developed billions of years ago that simply released stored carbon. As a result, ReECO Tech looks to track down waste biomass streams then process them for use by various industries. With an aim to help develop environmentally sustainable eco-systems, by converting what was once old into consumables that are now of value, Sparta entered the arena at a time when biomass conversion began experiencing significant growth. ReECO Tech is able to convert the waste into consumables for such markets as waste-to-energy, fertilizer and pellet production, biochar for agricultural use, activated carbon for use in filtering, methane production to act as an anti-freeze additive, and carbon-black, which is used as an additive for virtually all rubber production. By diverting significant amounts of waste from landfills, ReECO Tech’s cost-effective processing abilities allow it to turn waste into a valued, reusable material, while at the same time helping business owners save money on haulage and dumping fees. As the capture of feedstock is very scalable, the company is continuing to expand and capture greater portions of the biomass market, while fulfilling its commitment to assist children through the Clean Air for Kids campaign.  For a more detailed look at the company profile, please visit the ReECO Tech website (www.reecotech.com).

 

Stock Option Granting:

 

Sparta Capital Ltd. is also announcing the granting of 3,439,000 stock options to key employees, consultants, directors and officers who have contributed to building up the Sparta base over the past 18 months. Included in the above number, 1,115,000 options are being granted to directors and officers of the Corporation. Each stock option will allow for the purchase of a single common share at an exercise price of $0.05 per common share with an expiry date five years from the date of grant. The options vest immediately. Pursuant to the Company’s stock option plan, there are presently a total of 7,964,000 options granted with a range of exercise price from $0.05 - $0.10 and a weighted average contractual life of 3.39 years (the average includes those listed here). Under the company’s present stock option plan, no more than 15,046,140, or 10% of the Company’s issued and outstanding listed shares can be granted. The company is well under the required threshold.

 

For further information please contact:

 

Tom Brown – President

Email: tbrown@spartacapital.com

Telephone: 306-491-6323

www.spartacapital.com

 

Cautionary Statements

 

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating future business developments and to the granting of options. Generally, forward-looking information when used in this news release can be identified by the use of forward-looking terminology such as 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 these forward-looking statements are reasonable, this news release contains forward-looking statements relating to, among other things: the management of the Corporation’s views regarding ReECO Tech, its operations, the electronic recycling industry and the Corporation’s ability to obtain approvals or clearance from the regulatory authorities regarding the granting of any or all of the aforementioned options, readers are cautioned to not place undue reliance on forward-looking statements 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 news release 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.

 

Neither TSX Venture Exchange Inc. (nor any of its separate boards which includes the NEX) nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

 

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Sparta02212017.pdf

Source: Sparta Capital Ltd. (TSX Venture:SAY.H)

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