Zoglo's Announces Closing of $80,850 Private Placement of Units

Executive Summary

• Zoglo's Food Corp. completed its previously announced non‑brokered private placement, issuing 1,470,000 units at $0.055 per unit for gross proceeds of $80,850.
• Each unit includes one common share and one whole‑share purchase warrant exercisable at $0.10 per share for up to 36 months.
• Net proceeds are earmarked for general working capital and repayment of outstanding payables.

Key Details

• Units Issued: 1,470,000 units
• Price per Unit: $0.055 CAD
• Gross Proceeds: $80,850 CAD
• Unit Composition: 1 common share + 1 whole‑share purchase warrant
• Warrant Exercise Price: $0.10 per common share
• Warrant Term: 36 months from the closing date of the offering
• Use of Net Proceeds: General working capital and payment of outstanding payables
• Statutory Hold Period: Securities subject to a hold period in Canada expiring four months and one day after closing
• Finder’s Fees: None paid or payable in connection with the offering
• Regulatory Note: Units not registered under U.S. securities laws; cannot be offered or sold to U.S. persons without exemption or registration.

Notable Quotes

(No executive quotes were included in the release.)