Announcement • 8h
Zonetail Inc. announced that it expects to receive CAD 0.5 million in funding Zonetail Inc. announced a non-brokered private placement of 25,000,000 Common Shares of the company at a price per share of CAD 0.02 for gross proceeds of CAD 500,000 on May 20, 2026. The offering is subject to the receipt of all necessary approvals, including
the approval of the TSX Venture Exchange as well as the satisfaction of other customary closing conditions. In connection with the offering, the Company may pay finder’s fees equal to 6% of the gross proceeds in cash and issue 6% non-transferable warrants to various registered dealers or finder’s, representing up to 6% of the shares sold through such registered dealers or finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1) Zonetail Share at a price of CAD 0.05 per Zonetail Share for a period of thirty-six (36) months from the closing date of the offering. All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities. The Company intends to close a first tranche of the offering on or about May 31, 2026, with a final closing no later than July 3, 2026. Board Change • May 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Member of Advisory Board Ben Scott was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.