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Forum - Mining and Commodities Eh! (Spectra Inc - SSA.V)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 05/22/2019 11:01
Forum: Mining and Commodities Eh! - Msg #6373 - List SSA.V msgs Thread #674058837 (Rec: 0)
Spectra Inc. Announces Private Placement

For Immediate Release – May 22, 2019

Toronto, Ontario – Spectra Inc. (SSA: TSXV) intends to complete a non-brokered private
placement of up to 16,500,000 units at a price of five cents ($0.05) per unit for gross
proceeds of up to $825,000 (the “Offering”)

Each unit consists of one common share (“Common Share”) in the capital of the Spectra
Inc. (the “Corporation”) and one-half of a Common Share purchase warrant (each a
“Warrant”). Each whole Warrant will entitle the holder thereof upon payment of $0.075
to acquire one Common Share at any time prior to 5.00 p.m. (Calgary time) eighteen (18)
months following the date the Warrants are issued (“Expiry Time”). If, at any time after
the Warrants are issued the closing price of the Common Shares on the TSXV for any
fifteen (15) consecutive trading days equals or exceeds $0.12, the Corporation will have
the option to, upon issuing a news release, accelerate the Expiry Time of the Warrants to
5.00 p.m. (Calgary time) on the date that is thirty (30) days following the date of such
news release (the “Accelerated Expiry Time”). Any Warrant not exercised prior to the
Expiry Time or the Accelerated Expiry Time, as applicable, shall be deemed to be void or
of no further force and effect.

The Corporation intends to use the net proceeds of the offering to payout the royalty
debenture of Spectra Products Inc. in the amount of $652,065 due August 6, 2019 and for
general corporate purposes.

Finders' fees of up to 7% of the gross proceeds raised by any finders may be payable in
either cash or Common Shares or a combination of both.

Closing of the Offering is subject to receipt of applicable regulatory approvals including
the approval of the TSXV. The securities issued will be subject to a standard four month
hold period.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the Corporation’s electronic in-cab air brake
diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure
lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, a lug nut retainer that uses
the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing
the risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label
that provides an alert for overheating wheel ends, reducing the risk of bearing failure and
corresponding maintenance and repair costs.

On behalf of the Board of Directors,
Andrew Malion, President, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca



Reply to Jimjones1972 - Msg #6348 - 04/26/2019 13:01

Spectra Inc. Reports Fourth Quarter 2018 Results

For Immediate Release – April 26, 2019

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the 12 months ended December 31, 2018. Revenues for the twelve month period ending December 31, 2018 were $2,045,806 compared to $1,780,609 for the same period in 2017. Revenues for the fourth quarter ending December 31, 2018 were $444,429 compared to $448,017 for the same period in 2017.

Net income was $495,372 during the twelve-month period ended December 31, 2018, compared to $222,810 for the same period in 2017. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.

Spectra Products Inc. distributes Zafety Lug LockÒ, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs.

Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.

On behalf of the Board of Directors,

Glen Campbell, Chairman, Spectra Inc.

Investor Relations: 1-800-308-5255

E-Mail: info@spectrainc.ca

Website: www.spectrainc.ca
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