Business
Zonetail Announces Closing Private Placement of Shares
(TheNewswire)   NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN ...
About this update from Zonetail, Inc.
Zonetail Announces Closing Private Placement of Shares (TheNewswire)   NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES   Toronto, Canada – December 30, 2025 – TheNewswire - (TSXV:ZONE)  - Zonetail Inc. ("Zonetail" or the "Company") is pleased to announce the closing (the “Closing”) of the third and final tranche of its non-brokered private placement of up to $1,000,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed $40,000 of the Offering, bringing the placement to a total of $437,500.   The proceeds derived from the sale of the shares will be for the completion of the Company’s rent reporting portal, further development projects, sales efforts, as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 22% will be used for Non-Arm’s length salaries, 36% for technology additions and 7% for arm’s length salaries 15% for sales and marketing and 17% for administration.   A portion of the Offering was allocated to investors relying on the “accredited investor” or other exemptions available to Zonetail under National Instrument 45-106 – Prospectus Exemptions.   All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.   The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   About Zonetail   Zonetail Inc. (TSXV: ZONE) is a mobile platform and market network. Our 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. Our Visi...