Zonetail Inc. Launches $1 Million Private Placement to Enhance Operations

Zonetail ( (TSE:ZONE) ) has provided an announcement.

Zonetail Inc. has announced a new non-brokered private placement to raise up to $1,000,000 through the sale of company shares at $0.02 each, subject to necessary approvals. The funds will be allocated to integration projects, development, sales efforts, and working capital, with specific percentages earmarked for salaries, technology additions, and administration. The offering will also involve potential finder’s fees and warrants, with participation from certain insiders not expected to exceed 25%. The initiative is expected to bolster Zonetail’s operational capabilities and strengthen its position in the high-rise residential market.

More about Zonetail

Zonetail Inc. is a mobile platform and market network company that aims to enhance the living experience for high-rise residents by connecting them to products, amenities, and services through a state-of-the-art mobile platform. The company’s vision is to build a significant user base within the high-rise residential sector, offering vital information and services conveniently through their mobile market network model.

Average Trading Volume: 5,934

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.79M

For detailed information about ZONE stock, go to TipRanks’ Stock Analysis page.