Zonetail Announces Closing Private Placement of Shares

Executive Summary

• Zonetail Inc. closed $161,000 of the second tranche of its up‑to $1,000,000 non‑brokered private placement at $0.02 per share, bringing total proceeds to $397,500.
• The company announced a 30‑day extension of the offering deadline to December 24, 2025.
• Proceeds will be allocated to rent‑reporting portal completion, further development projects, sales efforts and general working capital (≈22% non‑arm’s‑length salaries, 36% technology, 7% arm‑salaries, 15% sales/marketing, 17% administration).

Key Details

• Offering Size: Up to $1,000,000 in common shares at $0.02 per share.
• Closed Amount (this tranche): $161,000; cumulative proceeds now $397,500.
• Extension: Offering deadline extended by 30 days to December 24, 2025.
• Use of Proceeds Allocation (if full amount raised):
• 22% – Non‑arm’s‑length salaries
• 36% – Technology additions (including rent reporting portal)
• 7% – Arm‑salaries
• 15% – Sales and marketing activities
• 17% – General 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 and one day from issuance date.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act; cannot be offered/sold in the United States absent exemption.

Notable Quotes

• “The proceeds derived from the sale of the shares will be for the completion of the Company’s rent reporting portal, further development projects, sales efforts, as well as general working capital purposes,” – Mark Holmes, President and CEO.