ZTEST Announces $500,000 Non-Brokered Private Placement

ZTEST Electronics Inc. (CSE:ZTE), based in North York, NY, revealed its plan to launch a non-brokered private placement aiming to raise up to $500,000. This offering will involve up to 2,000,000 working capital units (WC Units) at a price of $0.25 each, designed to provide the company with necessary working capital.

Each WC Unit in this offering includes one common share priced at $0.25 and a half (0.5) of a common share purchase warrant. Holders of these WC Warrants are granted the right to purchase one common share at $0.30, up to eighteen months following the offering's close.

The company also outlined compensation for eligible finders involved in the placement. These finders are to receive a 7% cash fee and compensation options equal to 7% of the sold WC Units. The compensation options allow purchase of a common share at $0.25 for eighteen months after the offering concludes.

Securities issued through this offering will be under a mandatory four month and one day hold period. This development is part of ZTEST’s ongoing efforts to secure working capital for its operations and future projects.