Zonetail Inc. Announces First Closing of Private Placement

(TheNewswire)

TORONTO, Ontario, March 21, 2025 – TheNewswire - Zonetail Inc.(“Zonetail” or the “Company”) (TSXV: ZONE, OTC Pinks: ZTLLF),is pleased to announce that it has closed the first tranche of itspreviously announced private placement (see press releases dated March4, 2025). The Company closed a total of $86,630by way of the issuance of 4,431,525 common shares. No new insiderswere created or finders fees paid as a result of the Closing.

In connection with the Offering, the Company may payfinder’s fees equal to 6% of the gross proceeds in cash and issue 6%non-transferable warrants (the “Finder Warrants”) to variousregistered dealers or finder’s, representing up to 6% of the sharessold through such registered dealers or finders in the Offering. EachFinder Warrant will entitle the holder thereof to purchase one (1)Zonetail Share at a price of $0.05 per share for a period ofthirty-six (36) months from the closing date of the offering.

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.

Certain insiders of Zonetail may participate in theOffering; however, the total participation by insiders is not expectedto exceed 25% of the Offering.

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.

The final closing of the Offering will occur on orabout April 18, 2025. Zonetail will update shareholders when theOffering has been completed and TSXV final approval has beenreceived.

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 mobile market network model - providing vitalinformation, products, and services at the tap of a screen. We are thesearch 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

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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