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Posted by
Two Blokes Jun 23 -
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Stock
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Toronto, Canada – TheNewswire - June 23, 2025 - (TSXV:ZONE, OTCPinks:ZTLLF) - Zonetail Inc. ("Zonetail" or the "Company") is pleased to announce the closing (the “Closing”) of the second and final tranche of non-brokered private placement of up to $1,000,000 in common shares of the Company at a purchase price of $0.02 per Share (the "Offering"). The Company closed an additional $175,000 of the Offering. This brings the total private placement to 13,181,525 common shares for gross proceeds of $263,630. No new insiders were created as a result of the Closing. The proceeds derived from the sale of the shares will be for the completion of major integration projects currently underway, further development projects, sales efforts, as well as general working capital purposes. Assuming aggregate gross proceeds are raised, approximately 30% will be used for Non-Arm's length salaries, 30% for technology additions and 26% for arm's length salaries and 14% for administration.
