10:23:25 EST Sun 24 Jan 2021
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or Name

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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 75,711,374
Close 2020-08-05 C$ 0.255
Recent Sedar Documents

Zinc8 Energy arranges $1.4-million private placement

2020-08-05 17:44 ET - News Release

Mr. Eric Negraeff reports


Zinc8 Energy Solutions Inc. has arranged a non-brokered private placement of up to 8.75 million units at a price of 16 cents per unit for gross proceeds of up to $1.4-million. Each unit will comprise one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of 30 cents. Insiders may participate in the private placement.

Finders' fees or brokers' commissions may be paid in accordance with Canadian Securities Exchange policies.

All securities will be subject to a four-month hold period from the closing date.

The company intends to use the proceeds from the private placement for general working capital.

About Zinc8 Energy Solutions Inc.

Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.

We seek Safe Harbor.

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