Zonetail Announces Closing Private Placement of Shares

Executive Summary

• Zonetail Inc. closed the first tranche of its non‑brokered private placement, raising $236,500 at $0.02 per share (up to $1 M total).
• The offering period was extended by 30 days, now ending November 22, 2025.
• Proceeds will fund the rent‑reporting portal, technology development, sales efforts, and general working capital, with detailed allocation percentages disclosed.

Key Details

• Offering Size: Up to $1,000,000 in common shares; first tranche closed at $236,500.
• Purchase Price: $0.02 per share.
• Extension: Offering deadline moved to November 22, 2025 (30‑day extension).
• Use of Proceeds (if full amount raised):
• 22% – Non‑arm’s length salaries
• 36% – Technology additions
• 7% – Arm’s length salaries
• 15% – Sales and marketing
• 17% – Administration
• Investor Eligibility: May be allocated to accredited investors or other exemptions under NI 45‑106.
• Holding Period: Securities subject to a hold period of four months plus one day from issuance.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act; cannot be offered/sold in the United States or to U.S. persons without exemption.
• Regulatory Disclaimer: TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this release.

Notable Quotes

(No direct quotes were provided in the release.)