Zonetail Announces Closing Private Placement of Shares
(TheNewswire)
Toronto, Canada – TheNewswire - June 23, 2025 - (TSXV:ZONE, OTCPinks:ZTLLF) -Zonetail Inc. ("Zonetail" or the "Company") ispleased to announce the closing (the “Closing”) of the second andfinal tranche of non-brokered private placement of up to $1,000,000 incommon shares of the Company at a purchase price of $0.02 per Share(the "Offering"). The Company closed an additional $175,000of the Offering. This brings the total private placement to 13,181,525common shares for gross proceeds of $263,630. No new insiders werecreated as a result of the Closing.
The proceeds derived from the sale of the shares willbe for the completion of major integration projects currentlyunderway, further development projects, sales efforts, as well asgeneral working capital purposes. Assuming aggregate gross proceedsare raised, approximately 30% will be used for Non-Arm’s lengthsalaries, 30% for technology additions and 26% for arm’s lengthsalaries and 14% for administration.
A portion of the Offering may be allocated to investorsrelying on the “accredited investor” or other exemptions availableto Zonetail under National Instrument 45-106 – ProspectusExemptions.
All of the securities issuable in connection with theOffering will be subject to a hold period expiring four months and oneday after the date of issuance of the securities.
The securities offered have not been registered underthe United States Securities Act of 1933, as amended, and may not beoffered or sold in the United States or to, or for the account orbenefit of, U.S. persons absent registration or an applicableexemption from registration requirements. This release does notconstitute an offer for sale of securities in the UnitedStates.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTC Pinks: ZTLLF) is amobile platform and market network. Our Mission is to provide astate-of-the-art mobile platform that enables high-rise residents tobetter manage their homes by connecting people to products, amenities,and services. Our Vision is to build a critical mass of users in thehard-to-reach, high rise residential vertical, through a unique mobilemarket network model - providing vital information, products, andservices at the tap of a screen. We are the search engine to optimizeyour home.
Please visit https://www.zonetail.com .
For more information, please contact:
Mark Holmes
President and CEO
Zonetail Inc.
Telephone: (416) 994-5399
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statementsthat relate to Zonetail’s current expectations and views of futureevents. In some cases, these forward-looking statements can beidentified 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-lookingstatements. Certain matters discussed in this announcement containstatements, estimates and projections about the growth of Zonetail’sbusiness, potential distribution partnerships and/or clients, andrelated business strategy. Such statements, estimates and projectionsmay constitute forward-looking statements within the meaning of thefederal securities laws. Factors or events that could cause our actualresults to differ may emerge from time-to-time. Zonetail undertakes noobligation to publicly update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise. The recipient of this information is cautioned not to placeundue reliance on forward-looking statements. Forward-lookingstatements are based on certain assumptions and analysis made byZonetail in light of its experience and perception of historicaltrends, current conditions and expected future developments and otherfactors Zonetail believes are appropriate, and are subject to risksand uncertainties. Although Zonetail believes that the assumptionsunderlying these statements are reasonable, they may prove to beincorrect. Given these risks, uncertainties and assumptions,prospective purchasers should not place undue reliance on theseforward-looking statements.
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Copyright (c) 2025 TheNewswire - All rights reserved.
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