Zentek Targets $3M Capital Raise with Private Placement
Company Announcements

Zentek Targets $3M Capital Raise with Private Placement

Story Highlights

Zentek (TSE:ZEN) has released an update.

Zentek Ltd. is set to enhance its financial stability through a non-brokered private placement aiming to raise up to $3 million. This capital boost, designed to bolster the company’s working capital and support general corporate functions, will be achieved by issuing over 2.3 million units at $1.30 each, with each unit offering a share and a purchase warrant.

For further insights into TSE:ZEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskZentek Faces Nasdaq Minimum Bid Price Issue
TipRanks Auto-Generated NewsdeskZentek Ltd. Convenes Shareholder Meeting for 2024
TipRanks Auto-Generated NewsdeskZentek Ltd. Secures Funding Through Private Placement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App