Form 51-102F3
Material Change Report
Item 1: Name and Address of Reporting Issuer
Spur Ventures Inc.
Suite 2684 Four Bentall Centre
1055 Dunsmuir Street Box 49298
Vancouver BC
V7X 1L3
Item 2: Date of Material Change
The date of the material change is June 22, 2004
Item 3: Press Release
The date of the press release issued pursuant to section 85(1) of the Act with respect to the material change disclosed in this report is June 22, 2004. The press release was issued in Vancouver, British Columbia through the facilities of Canada Newswire and through Canada Stockwatch.
Item 4: Summary of Material Change
Spur Ventures Announces Closing of $16.5 Million Financing
Item 5: Full Description of Material Change
SPUR VENTURES INC., Raymond James Ltd. and Dundee Securities Corporation are pleased to announce the closing of a private placement of 11 million units for gross proceeds of $16.5 million. Each unit has a price of $1.50, and consists of one share and one-half of one warrant to purchase an additional share for two years at $1.50. All shares and warrants have a hold period expiring on October 23, 2004.
The proceeds will be used to fund development at the Company's projects in China and for general working capital.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
This report is not being filed on a confidential basis in reliance on section 85 (2) of the Act.
Item 7: Omitted Information
No information has been omitted.
Item 8: Executive Officer
The following senior officer of the Company is knowledgeable about the material change disclosed in this report.
Jeffrey Giesbrecht, Secretary
Telephone: (604) 697-6201.
June 22, 2004.
