North York, Ontario (FSCwire) - ZTEST Electronics Inc. (“ZTEST” or the “Company”) (CSE - “ZTE”) is pleased to announce that it is proceeding with a non-brokered private placement (the “Offering”) for the sale of up to 1,600,000 working capital units (“WC Units”) at $0.85 per WC Unit for proceeds of up to $1,360,000. Each WC Unit consists of one (1) common share and one-half (½) of a common share purchase warrant. Each full warrant (a “Warrant”) entitles the holder to acquire an additional common share of the Company at $1.10 until the earlier of (i) January 31, 2019; and (ii) in the event that the closing price of the Common Shares on the Canadian Securities Exchange is at least $2.00 for twenty (20) consecutive trading days, and the 20th trading day (the “Final Trading Day”) is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day (the “Trigger Date”).
Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash and up to 7% of the number of WC Units sold in the form of broker warrants. Each broker warrant issued in respect of the sale of WC Units entitles the holder to acquire one (1) common share of ZTEST at $0.85 for a period of one (1) year from the Closing of the Offering.
All securities issued pursuant to the above referenced Offering are subject to a statutory four month hold period.
About ZTEST Electronics Inc.
ZTEST Electronics Inc., thru its wholly owned subsidiary Permatech Electronics Corp. (“Permatech”), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech’s offering includes Materials Management, Printed Circuit Board (PCB) Assembly, Testing and Design services. Permatech operates from a 20,000 square foot, ISO 9001:2008 certified facility in North York, Ontario, Canada. The company serves customers in the Medical, Power, Computer, Telecommunication, Wireless, Industrial and Consumer Electronics markets requiring high quality, quick-turn, small and medium size production runs.
For more information contact:
Ted Drzazga, CEO
(416) 297-5155
email: info@ztest.com
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ZTEST01112018_0.pdfSource: ZTEST Electronics Inc. (CSE:ZTE, OTC Bulletin Board:ZTSTF)
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