- Zonetail (ZONE) has closed the first tranche of its previously-announced private placement
- Zonetail Inc. is offering units at a price of $0.04
- Each unit is made up of one common share and one-half of one common share purchase warrant
- In connection with the initial closing of the offering, the company has issued an aggregate of 12,794,750 units for gross proceeds of $511,790,
- Zonetail Inc. is a mobile platform and market network
- Zonetail Inc. (ZONE) opened trading at $0.04
Zonetail (ZONE) has closed the first tranche of its previously-announced private placement.
Zonetail Inc. is offering units at a price of $0.04, with each unit made up of one common share and one-half of one common share purchase warrant.
Each whole warrant will entitle its holder to purchase one additional share of the company at an exercise price of $0.06 for a period of thirty-six months from the closing date of the offering.
In connection with the initial closing of the offering, the company has issued an aggregate of 12,794,750 units for gross proceeds of $511,790.
That included the acceptance by the company of a subscription of an insider of the company for 3,419,750 units generating aggregate gross proceeds of $136,790.
“Zonetail is very pleased with the support we received from directors, existing shareholders and long-time supporters,” said Mark Holmes, President and CEO of Zonetail.
“100 per cent of the financing came from this group, which was the company’s goal; the stock is in secure hands,” he added.
The company is seeking to raise up to $1,000,000 under the offering and hopes to complete the final tranche of the offering prior to October 10, 2022.
Any such closing will be subject to receipt of all required consents and approvals, including any further approvals of the Exchange.
Zonetail Inc. is a mobile platform and market network whose mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services.
Zonetail Inc. (ZONE) opened trading at $0.04.