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  • Zonetail (ZONE) has announced a non-brokered private placement for gross proceeds of up to $500,000
  • The company will issue up to 10,000,000 units for $0.05 per unit
  • The net proceeds will be used for the company’s core business operations
  • Zonetail is a mobile platform provider serving residents and guests of high-rise residential buildings
  • Zonetail Inc. (ZONE) opened trading at C$0.04

Zonetail (ZONE) has announced a non-brokered private placement for gross proceeds of up to $500,000.

The company will issue up to 10,000,000 units for $0.05 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle its holder to purchase one additional share for a period of three years from the closing date of the offering.

The offering is subject to the receipt of all necessary approvals, including the approval of the the Toronto Venture Exchange.

The company may pay finder’s fees equal to 6 per cent of the gross proceeds in cash and issue 6 per cent non-transferable warrants.

The net proceeds will be used for the company’s core business operations, including technology development and working capital.

All of the securities issued are subject to a statutory four-month hold period.

Zonetail is a well-known mobile platform provider serving residents and guests of high-rise residential buildings. The Zonetail platform connects residents to amenities and services through their personal mobile devices.

Zonetail Inc. (ZONE) opened trading at C$0.04.

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