17:25:45 EDT Fri 12 Jun 2026
Enter Symbol
or Name
USA
CA



Zefiro Methane Corp
Symbol ZEFI
Shares Issued 75,682,730
Close 2026-06-11 C$ 0.71
Market Cap C$ 53,734,738
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Zefiro Methane closes $3.3-million private placement

2026-06-12 11:07 ET - News Release

Ms. Catherine Flax reports

ZEFIRO ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF APPROXIMATELY C$3.3 MILLION FROM STRATEGIC INVESTORS

Zefiro Methane Corp. has closed a non-brokered private placement for gross proceeds of approximately $3,300,050.

Pursuant to the offering, the company issued an aggregate of 5,077,000 units of the company at a price of 65 cents per unit for gross proceeds of $3,300,050. Each unit consists of one common voting share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of 80 cents per warrant share for a period of 30 months from the date of issuance.

The company intends to use the net proceeds from the offering to finance the acquisition of additional well-plugging equipment, to support geographic expansion of the company's operations into the company's first international market, and for general working capital and corporate purposes. In addition, through its subsidiary, Plants & Goodwin, Zefiro has secured multiple new corporate clients within the footprint of the former Viking equipment acquisition, three of which are publicly traded with a combined market capitalization in excess of $140-billion (U.S.) (see press release dated June 10, 2026). The company may also apply a portion of the net proceeds toward strategic acquisition opportunities currently under evaluation.

In connection with the offering, the company paid finders a cash commission equal to 6 per cent of the gross proceeds raised and issued an aggregate of 304,620 broker warrants. Each broker warrant is exercisable to acquire one common share at a price of 65 cents per common share for a period of 24 months from the closing of the offering.

The units under the offering are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503, Distributions Outside Canada, and accordingly, the units are not subject to resale restrictions.

About Zefiro Methane Corp.

Zefiro is a North American environmental services company focused on strategically addressing asset retirement obligations and reducing methane emissions. With fully integrated operations, Zefiro quantifies emissions from oil/gas operations, provides turnkey decommissioning services and generates carbon offsets. Zefiro's suite of solutions takes a holistic approach to generating cost-effective and stable energy while eliminating negative environmental impacts.

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