SQG Spackman Equities Group Inc

Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that its
entertainment subsidiary, Spackman Entertainment Group Limited ("SEGL"),
completed a total of USD 1.8 million in additional financing, of which USD 1.3
million was raised by way of an equity private placement of shares, and USD 0.5
million through the issuance of convertible notes. This is in addition to the
previous financing of USD 2.85 million announced on September 30, 2013, in which
USD 1.85 million was raised through a private placement of shares and USD 1
million through the issuance of convertible notes. The terms of the latest
equity and convertible note private placement were the same as the financings
completed on September 30, 2013. 


SEGL, which had 11,850 shares issued and outstanding prior to this latest equity
private placement, issued 1,300 new common shares, at a price per share of USD
1,000 (equivalent to a pre-money valuation of USD 11.85 million), for a total
equity financing of USD 1,300,000 to a group of private investors. Concurrently,
SEGL issued three convertible notes for a total amount of USD 500,000 to three
investors who also participated in the equity private placement (the "Notes").
The Notes have a term of 2 years, interest rate of 2% per annum, and are
convertible into common shares of SEGL at a conversion price of USD 1,000 at any
time before maturity. 


After this latest equity private placement of SEGL shares, SEGI owns 6,930
common shares, or 52.7%, of the total 13,150 outstanding shares of SEGL. 


Meanwhile, on October 21, 2013, SEGL and its professional advisors held a
kick-off meeting in Singapore to formally commence the process for its proposed
listing on the Catalist of the Singapore Exchange scheduled for the first half
of next year. 


About Spackman Equities Group Inc.

Spackman Equities Group Inc. ("SEGI") is an investment holding company that
invests into and develops small/medium-sized growth companies that possess
industry-specific know-how or proprietary technologies, primarily in Asia. SEGI
also makes investments in selected publicly-traded companies that SEGI believes
are attractive investment propositions. The objectives of SEGI are to (i) invest
into or acquire businesses with compelling growth potential at attractive
valuations, (ii) build a diversified and balanced portfolio of investments, and
(iii) deliver the collective value derived from the performance of its portfolio
of investments to the shareholders of SEGI. Currently, SEGI's holdings include:




--  52.7% ownership of Spackman Entertainment Group Limited, an
    entertainment holding company that wholly-owns two leading Korean movie
    production companies, namely, Zip Cinema Co., Ltd. and Opus Pictures
    Co., Ltd.; 
    
--  49.75% of Spackman Entertainment Korea Inc., an investment company that
    invests into films developed and produced by Opus and Zip; 
    
--  100% of SEGI Investments Limited, an investment company that invests
    into Korean public equities; 



Visit www.spackmanequities.com for further information.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL"), incorporated in Hong Kong on July
31, 2011, is an entertainment holding company that owns businesses engaged in
the independent production of theatrical motion pictures in Korea. SEGL seeks to
become a leading consolidator of a network of film and entertainment production
businesses and brands, primarily in Korea.


SEGL currently owns 100% of Zip Cinema Co., Ltd. ("Zip") and Opus Pictures Co.,
Ltd. ("Opus"), two of the most recognized and successful independent motion
picture production companies in Korea. Zip's most recent production, COLD EYES,
is one of the best performing films of 2013 with 5.5 million tickets sold and
grossing KRW 40 billion since its release on July 3, 2013 in Korea. Opus
Pictures is the producer of the Hollywood blockbuster, SNOWPIERCER, which opened
in Korea on July 31st at #1 at the Korean box office, breaking the record for
the best non-holiday opening ever and the fastest film to reach 4 million ticket
admissions in Korean history. SNOWPIERCER has sold over 9.3 million tickets in
Korea, grossing KRW 67 billion at the box office. SNOWPIERCER is headlined by
Hollywood stars, Chris Evans and Tilda Swinton, and is directed by
world-renowned Korean director, Bong Joon-ho.


SEGL also owns 50.25% of Spackman Entertainment Korea Inc. ("SEKI"), an
investment company incorporated in Korea that makes early-stage investments into
films developed and produced by Zip and Opus. SEKI also owns a majority equity
interest in Upper West Inc., the operator of the cafe lounge Martini Kitchen in
Korea's Gangnam district. 


On August 2, 2013, SEGL engaged PrimePartners Corporate Finance Pte. Ltd. as its
Full Sponsor to prepare for an initial public offering on the Catalist in
Singapore. Through this proposed listing, SEGL plans to raise capital to expand
Zip's and Opus' future slate of productions, make further acquisitions of
production businesses and brands, and for general working capital. The listing
is expected to be completed in the first half of 2014.


Visit www.zipcine.com and www.opuspictures.com for further information.

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spackman Equities Group Inc.
Floria Lin
Investor Relations
+852 3902 3287
info@spackmanequities.com
www.spackmanequities.com

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