ZTEST Electronics (TSE:ZTE) has released an update.
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ZTEST Electronics Inc. has experienced an overwhelming demand for its shares, prompting the company to expand its non-brokered private placement from $500,000 to $1.25 million. The additional funds will be raised through the sale of 5 million working capital units at $0.25 each, with each unit comprising one common share and a half warrant, which allows the purchase of another share at $0.30 within 18 months. This capital injection aims to provide ZTEST, a provider of Electronic Manufacturing Services through its subsidiary Permatech, with additional working capital to support its operations.
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