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Zonetail Inc. Announces New Non-Brokered Private Placement for up to $500,000
(TheNewswire) TORONTO, Ontario – TheNewswire - May 20, 2026 - Zonetail Inc. ( ...
About this update from Zonetail, Inc.
Zonetail Inc. Announces New Non-Brokered Private Placement for up to $500,000 (TheNewswire) TORONTO, Ontario – TheNewswire - May 20, 2026 - Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE), is pleased to announce that it intends to offer for sale, on a non-brokered private placement basis, securities of the Company (the “Offering”) consisting of common shares in the capital of the Company (“Zonetail Shares”) at a price of $0.02 per Zonetail Share for aggregate gross proceeds of up to $500,000 (“Maximum Proceeds”). The Offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”), as well as the satisfaction of other customary closing conditions. Assuming the Maximum Proceeds are raised, the Company will issue 25,000,000 Shares.   In connection with the Offering, the Company may pay finder’s fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants (the “Finder Warrants”) to various registered dealers or finder’s, representing up to 6% of the shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of $0.05 per Zonetail Share for a period of thirty-six (36) months from the closing date of the offering.   The Company intends to use the proceeds from the sale of the Zonetail Shares for the completion of the Company’s rent reporting portal, further development projects, sales efforts, as well as general working capital purposes.   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.   The Company intends to close a first tranche of the Offering on or about May 31, 2026, with a final closing no lat...