- Zonetail (ZONE) has settled $225,000 of debt through the issuance of common shares of the company
- Zonetail will issue 3,750,000 common shares at a deemed price of $0.06 per share to convertible debenture holders
- The notes are convertible if the company’s shares trade in excess of $0.10 over any period of 10 trading days during the term
- Zonetail Inc. (ZONE) is a mobile platform that provides hotel guests and residents access to building amenities and services
- Zonetail Inc. (ZONE) is unchanged, trading at C$0.05 per share at 11:30 am ET
Zonetail (ZONE) has settled $225,000 of debt through the issuance of 3,750,000 common shares to convertible debenture holders.
After the debt settlement, Zonetail will have $160,000 of outstanding unsecured convertible debentures, bearing interest at 12 per cent for a further 12-month term.
The notes are convertible if the company’s shares trade in excess of $0.10 over any period of 10 trading days during the term.
All securities issued will be subject to a four-month hold period.
Zonetail Inc. (ZONE) is a mobile platform for hotels and high-rise residential buildings providing guests and residents access to building amenities and services, as well as neighbouring restaurants, stores, services, and other businesses.
Zonetail Inc. (ZONE) is unchanged, trading at C$0.05 per share at 11:30 am ET.