("ECC3" or the "Company") (TSXV:ECCT.P) further to its press releases dated August 3, 2021 and December 3, 2021, is pleased to announce that Sparx Technology Inc. ("Sparx") has completed non-brokered private placement financing (the "QT Financing") conducted in connection with the Company's proposed Qualifying Transaction to acquire Sparx (the "Acquisition").