Mr. Mark Holmes reports
ZONETAIL ANNOUNCES CLOSING PRIVATE PLACEMENT OF SHARES
Zonetail Inc. has closed the second tranche of non-brokered private placement of up to $1-million in common shares of the company at a purchase price of two cents per share. The company closed $161,000 of the offering, bringing the placement to a total of $397,500.
The company also wishes to announce a 30-day extension of the offering to Dec. 24, 2025.
The proceeds derived from the sale of the shares will be for the completion of the company's rent reporting portal, further development projects and sales efforts, as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 22 per cent will be used for non-arm's-length salaries, 36 per cent for technology additions, 7 per cent for arm's-length salaries, 15 per cent for sales and marketing, and 17 per cent for administration.
A portion of the offering may be 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.
About Zonetail Inc.
Zonetail is a mobile platform and market network. Its 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. Its vision is to build a critical mass of users in the hard-to-reach, high-rise residential vertical, through a unique mobile market network model -- providing vital information, products and services at the tap of a screen. It is the search engine to optimize your home.
We seek Safe Harbor.
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