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Sparta Capital Ltd. Announces the Resignation of Director, Raymond G. Harris, FCA


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2014-01-10 22:35:41 -

Not for distribution to U.S. news wire services or dissemination in the United States.


Calgary, Alberta CANADA, January 10, 2014 /FSC/ - Sparta Capital Ltd. (SAY - TSX Venture"Sparta" or the "Corporation") today announced the resignation of Raymond G. Harris, FCA from the company's Board of Directors. Mr. Harris is a long standing Board member, and Chairman of the Audit Committee having joined the Sparta Board in 2004.

"On behalf of all of Sparta shareholder's and management, I would like express our great appreciation to Mr. Ray Harris for his many years of dedicated service as a valued member of the Board of Directors at Sparta and for the very important role he accepted as Chairman of the Audit Committee." says

Mr. Charles Burgess, Chairman of the Board. "Mr. Harris has always dedicated strong commitment and leadership to the Board. His extensive professional experience and committed efforts as Chairman of the Audit Committee have been of great benefit to Sparta and are much appreciated by each of the Board members, past and present."

About Sparta

Sparta is in the early commercialization stage of a fuel savings and emission reduction product, the AddecoTech Precision Fuel Additive Injector - Model SS10L (the "Product Sparta acquired the world-wide right to manufacture and distribute the Product in December 2009. Thereafter, Sparta completed product development and obtained third party product safety certification. The Product was developed for commercial distribution as a means to automate the process of adding fuel additive into the fuel tank of diesel engines at each refueling. Further information about the Product may be obtained at www.addecotech.com.

Charles (Chip) Burgess, Chairman of the Board.

For further information please contact Mr. Tom Brown, President (306) 491 - 6323.

Reader Advisory

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Corporation's current expectations. When used in this press release, 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. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of this press release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.


Not for distribution to U.S. news wire services or dissemination in the United States.


To view the press release as a PDF file, please click on the following link;
www.usetdas.com/pr/sparta01102014.pdf


Source: Sparta Capital Ltd. (TSXV SAY) www.spartacapital.com
Maximum News Dissemination by FSCwire. www.fscwire.com


Author:
Fred Gautreau
e-mail
Web: www.fscwire.com
Phone: 14037173898

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