09:21:56 EDT Wed 20 May 2026
Enter Symbol
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USA
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Zonetail Inc.
Symbol ZONE
Shares Issued 302,395,672
Close 2026-05-14 C$ 0.015
Market Cap C$ 4,535,935
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ORIGINAL: Zonetail Inc. Announces New Non-Brokered Private Placement for up to $500,000

2026-05-20 08:06 ET - News Release

(via TheNewswire)

Zonetail Inc.

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 later than July 3, 2026.

 

About Zonetail

 

Zonetail Inc. (TSXV: ZONE) is a mobile platform and market network. Our 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. Our 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. We are the search engine to optimize your home.

Please visit https://www.zonetail.com .

For more information, please contact:

 

Mark Holmes

President and CEO

Zonetail Inc.

Telephone: (416) 994-5399

mark@zonetail.com

 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

 

Legal Disclaimer and Forward-Looking Statements

 

This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the Offering, the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.

  

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