An anonymous director reports

SCEPTRE VENTURES INC. ANNOUNCES PRIVATE PLACEMENT PRIOR TO COMPLETING QUALIFYING TRANSACTION

Sceptre Ventures Inc. has arranged a non-brokered private placement of up to nine million shares at a price of 1.67 cents per share to raise gross proceeds of up to approximately $150,000.

The purpose of this private placement is to provide Sceptre with adequate funds with which to identify and acquire a business or asset with a view to completing a qualifying transaction, in accordance with exchange Policy 2.4 for capital pool companies, and for general corporate purposes.

The company intends to undertake a consolidation of the issued and outstanding common shares of the company on a one-for-three basis, or as the board of directors of the company may determine to be appropriate. Subscribers to this private placement will acknowledge and agree that their shares will be subject to the same consolidation ratio upon the required approvals being received. To that end, the company has scheduled an annual general and special meeting to be held on Oct. 18, 2016, to seek shareholder approval of the consolidation, among other matters.

The company may pay finders' fees on the private placement of up to 10 per cent in cash or common shares of the company at the discretion of the finder. The finder can elect to receive the fee in a combination of cash and common shares that will have the same terms as the private placement shares in accordance to TSX Venture Exchange rules. The private placement and consolidation are subject to acceptance by the TSX-V. All the securities issued under the private placement are subject to resale restrictions under applicable securities legislation of four months and one day from the date of issuance of the securities.

The company's shares were suspended from trading by the TSX-V as a result of a cease trade order issued by the British Columbia Securities Commission and the Ontario Securities Commission on Jan. 4, 2016. On Aug. 12, 2016, the cease trade order was lifted, at which time the company made an application to the TSX-V for reinstatement of trading.

We seek Safe Harbor.