Business
Zentek Clarifies Certain Disclosure
GUELPH, ON / ACCESSWIRE / March 3, 2023 / Zentek Ltd. ("Zentek" or the "Company") (Nasdaq:ZTEK)(...
About this update from Zentek Ltd.
[{"type":"text","content":"Zentek Clarifies Certain DisclosureGUELPH, ON / ACCESSWIRE / March 3, 2023 / Zentek Ltd. (\"Zentek\" or the \"Company\") (Nasdaq:ZTEK)(TSXV:ZEN), an intellectual property development and commercialization company, announces that, pursuant to a review by the Ontario Securities Commission (the \"OSC\") of the Company's continuous disclosure, at the OSC's request, the Company has removed from its website reference to the material resource estimate for the Albany graphite deposit (the \"Albany Graphite Deposit\") because the technical report entitled \"Technical Report on the Preliminary Economic Assessment of the Albany Graphite Project, Northern Ontario, Canada\" dated July 9, 2015 contains an economic analysis that is no longer reliable and can no longer be classified as current. Additionally, the Company has revised a corporate presentation on its website to: (i) remove statements related to the Albany Graphite Deposit that can no longer be supported; (ii) remove disclosure of potential international partnerships unless and until any such partnerships are publically announced; and (iii) address certain material factors and assumptions used to develop forward-looking information. The Company has also filed on SEDAR, as a material contract, a reciprocal supply agreement with Ekomed Global Inc., which, as a material contract, was due to be filed no later than the date of filing of the Company's Annual Information Form.About Zentek Zentek is an IP development and commercialization company focused on the research, development and commercialization of novel products using graphene and nanomaterials for use in the healthcare industry and beyond.Zentek's patented ZenGUARD™ coating is shown to have 99% antimicrobial activity and to significantly increase the bacterial and viral filtration efficiency of both surgical masks and HVAC systems. Zentek's ZenGUARD™ production facility is in Guelph, Ontario.For further information:Mitch Swergold, Director of Investor RelationsTel: (917) 930-8723Email: [email protected]. Francis Dubé, Executive ChairmanTel: (289) 821-2820Email: [email protected] find out more about Zentek Ltd., please visit our website at www.Zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN's SEDAR profile at http://www.sedar.com/.Forward-...