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Ibox Under Construction
Latest Sedar Filing.
SPARROW VENTURES CORP.
Suite 507, 700 West Pender Street
Vancouver, British Columbia, V6C 1G8
SPARROW VENTURES CORP. COMPLETES QUALIFYING TRANSACTION
Sparrow Ventures Corp. (“Sparrow” or the “Company”) is pleased to announce that it has completed its
qualifying transaction (the “Qualifying Transaction”) pursuant to the policies of the TSX Venture Exchange
(the “TSX-V”) by acquiring an option (the “Option”) to acquire a 60% interest in the Cat and Rim properties
(the “Properties”), located in the Yukon, from Full Metal Minerals Ltd. (“Full Metal”). The Company
anticipates that its common shares will re-commence trading on the TSX-V on August 26, 2010. The
Company’s new trading symbol will be SPW. As a result of the completion of the Qualifying Transaction,
the Company will cease to be a Capital Pool Company pursuant to the policies of the TSX-V, and will instead
be classified as a Tier 2 Mining Exploration company.
Pursuant to the terms of the option agreement with Full Metal, the Company may exercise the Option by
making aggregate cash payments to Full Metal of $150,000 over three years, issuing an aggregate of 400,000
common shares to Full Metal over three years and incurring an aggregate of $3,000,000 in exploration
expenditures on the Properties over four years. In connection with the Company’s receipt of the TSX-V’s
approval of the Qualifying Transaction, the Company will make an initial cash payment to Full Metal of
$25,000 and will issue Full Metal 100,000 common shares of the Company, which will be subject to hold
period expiring four months after issuance.
The Company is also pleased to announce that Phu Van Bui, P.Geo, has been appointed as a director of the
Company. Mr. Bui is a professional geoscientist registered with APEGBC and holds a BSc from the
University of British Columbia. Since 2004, he has been engaged in a variety of mineral projects in Canada
and Australia. His experience includes early grassroots campaigns to brownfields exploration programs,
contributing to the resource delineation and test mining programs at the Polymetallic Wolverine mine, Yukon,
and the Watershed Scheelite-Skarn deposit, Queensland, and participating in deep coring programs for BHP
Billiton at the Mount Keith mine, Western Australia. Mr. Bui joined Hunter Dickinson Inc. in July, 2010,
focusing on base and precious metal exploration projects in Canada and abroad. Other than the appointment
of Mr. Bui as a director, the Company’s board of directors and management remain unchanged as a result of
the Qualifying Transaction.
Further information on the Qualifying Transaction, the Option and the Properties is available in the
Company’s filing statement dated August 16, 2010, which has been filed and is available for viewing under
the Company’s profile on SEDAR at www.sedar.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
SPARROW VENTURES CORP.
“Marc Morin”
Latest Insider Report from www.sedi.ca
