Zonetail Inc. Announces New Non-Brokered Private Placement for up to $500,000

About this update from Zonetail, Inc.

[{"type":"text","content":"Zonetail Inc. Announces New Non-Brokered Private Placement for up to $500,000\n(TheNewswire)\n\n\nTORONTO, Ontario – TheNewswire\n- May 20, 2026 - Zonetail Inc. (“Zonetail”\nor the “Company”) (TSXV: ZONE), is pleased to announce that it\nintends to offer for sale, on a non-brokered private placement basis,\nsecurities of the Company (the “Offering”) consisting of common\nshares in the capital of the Company (“Zonetail Shares”) at a\nprice of $0.02 per Zonetail Share for aggregate gross proceeds of up\nto $500,000 (“Maximum Proceeds”). The Offering is subject to the\nreceipt of all necessary approvals, including the approval of the TSX\nVenture Exchange (the “TSXV”), as well as\nthe satisfaction of other customary closing conditions. Assuming the\nMaximum Proceeds are raised, the Company will issue 25,000,000 Shares.\n\n\n\n \n\n\nIn connection with the Offering, the Company may pay\nfinder’s fees equal to 6% of the gross proceeds in cash and issue 6%\nnon-transferable warrants (the “Finder Warrants”) to various\nregistered dealers or finder’s, representing up to 6% of the shares\nsold through such registered dealers or finders in the Offering. Each\nFinder Warrant will entitle the holder thereof to purchase one (1)\nZonetail Share at a price of $0.05 per Zonetail Share for a period of\nthirty-six (36) months from the closing date of the offering.\n\n\n \n\n\nThe Company intends to use the proceeds from the sale\nof the Zonetail Shares for the completion of the Company’s rent\nreporting portal, further development projects, sales efforts, as well\nas general working capital purposes. \n\n\n \n\n\nAll of the securities issuable in connection with the\nOffering will be subject to a hold period expiring four months and one\nday after the date of issuance of the securities.\n\n\n \n\n\nThe securities offered have not been registered under\nthe United States Securities Act of 1933, as amended, and may not be\noffered or sold in the United States or to, or for the account or\nbenefit of, U.S. persons absent registration or an applicable\nexemption from registration requirements. This release does not\nconstitute an offer for sale of securities in the United\nStates.\n\n\n \n\n\...

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