Tablas Ventures Corp. Concludes Financing and Announces Management Changes

Tablas Ventures Corp. (TSXV:TAB.H) has finalized its non-brokered private placement, securing $250,000 in gross proceeds. The placement involved 5,000,000 common shares at five cents per share. The shares are subject to a hold period until December 01, 2024, and no finder's fees were paid. The funds will be used for general working capital purposes. Post-financing, Tablas has 8,560,598 common shares in circulation.

The Emprise Special Opportunities Fund (2017) Limited Partnership acquired 3,600,000 shares, now controlling approximately 42.94% of the company's shares. The acquisition was for investment purposes, with no immediate plans for further purchases, although future transactions remain possible.

Following the sale of its primary subsidiary, iPowow USA Inc., Tablas has also completed the sale of Sparx Technology Corp. to former directors. The transaction, approved by shareholders, involved debt forgiveness.

Scott Ackerman, Doug McFaul, and Peter Dickie have been appointed as directors, while Ackerman has also assumed the roles of CEO, CFO, and Corporate Secretary. The company thanked the outgoing directors and officers for their service.

Additionally, Tablas granted 850,000 stock options to directors and a consultant, with an exercise price of $0.05 per share, expiring on July 31, 2029. The company, currently searching for new business opportunities, aims to return to the main board of the TSX Venture Exchange. Trading will resume on the NEX Board on August 2, 2024.