Business
Zefiro Announces Investment of C$4.5M From Two European Strategic Investors
Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - ZEFIRO METHANE CORP. (CBOE CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that it has closed investments from two European strategic investors. The Company issued 9,375,000 units of the Company ("Units") at a price of C$0.48 per Unit for gross proceeds of C$4,500,000 ("Offering"). Each Unit is comprised of one common voting share in the capital of the Company ("Common Share") and one Common...
About this update from Cboe Global Markets, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - ZEFIRO METHANE CORP. (CBOE CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that it has closed investments from two European strategic investors. The Company issued 9,375,000 units of the Company ("Units") at a price of C$0.48 per Unit for gross proceeds of C$4,500,000 ("Offering"). Each Unit is comprised of one common voting share in the capital of the Company ("Common Share") and one Common Share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (each, a "Warrant Share") at an exercise price of C$0.60 per Warrant Share for a period of 24 months following the date of issuance.","length":838,"tagName":"p"},{"type":"text","content":"Zefiro's Chief Executive Officer and Director Catherine Flax commented, "We are pleased to have obtained this strategic European investment, which will help to support continued growth of our business in the near term. This is Zefiro's first primary equity financing since its IPO which took place exactly two years ago. Executing this financing reflects the focus and commitment of Zefiro's new management team, who in just a matter of months have put the Company on a clearer path for scalable growth, success, and improving financial performance."","length":572,"tagName":"p"},{"type":"text","content":"Ms. Flax continued, "Zefiro is grateful to its shareholder base, who expressed their support for our current management team at the recent Annual General Meeting as we work to deliver meaningful and positive results for investors. This is a key milestone in our capital formation strategy for Zefiro's growth in 2026, and we are building our momentum as we keep executing to grow Zefiro's environmental services platform."","length":440,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of Offering to execute on near term accretive acquisitions and to support working capital for the organic growth of its 100% owned subsidiary Plants & Goodwin.","length":207,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid certain finders an aggregate of C$270,0...