15:04:40 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Zecotek Photonics Inc
Symbol ZMS
Shares Issued 132,980,131
Close 2017-04-25 C$ 0.255
Market Cap C$ 33,909,933
Recent Sedar Documents

Zecotek Photonics arranges $560,000 private placement

2017-04-25 19:52 ET - News Release

Mr. Michael Minder reports

ZECOTEK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Zecotek Photonics Inc. has arranged a non-brokered private placement of 1,866,666 units of the company at a price of 30 cents per unit for gross proceeds of $560,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of 43 cents per common share at any time on or before the 24-month anniversary of the closing of the offering. Net proceeds from the funds raised will be used to complete the transfer of technology for the purpose of immediate commercialization, strengthen and maintain patents of the company's IP portfolio, and used for purchase order financings and general working capital purposes. Pursuant to the financing, the company may pay a finder's fee. All shares and warrants are subject to a four-month hold period.

About Zecotek Photonics Inc.

Zecotek is a photonics technology company developing high performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3-D auto-stereoscopic displays, 3-D metal printing and lasers for applications in medical, high-tech and industrial sectors. Founded in 2004, Zecotek operates three divisions: imaging systems, optronics systems and 3-D display systems, with labs located in Canada, Korea, Russia, Singapore and the United States. The management team is focused on building shareholder value by commercializing over 50 patented and patent pending novel photonic technologies directly, and through partnerships and joint ventures with leading industry partners, including Hamamatsu Photonics (Japan), the European Organization for Nuclear Research (Switzerland), Beijing Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States) and National NanoFab Center (South Korea).

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