Zonetail Extends Share Placement Offering

Zonetail, Inc. (TSE:ZONE) has released an update.

Zonetail Inc. has announced a 30-day extension for its non-brokered private placement, aiming to raise up to $1,000,000 by May 16, 2024, with shares priced at $0.02 each. The funds are designated for major integration projects, including the Equifax Reporting Agreement, and general working capital, with a detailed allocation plan for the proceeds. Participation by insiders is capped at 25% for this offering, which is subject to a four-month hold period and is not open to U.S. persons without registration or exemption.

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