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

Executive Summary

• Zoglo's Food Corp. announced a non‑brokered private placement of up to 1,470,000 units at $0.055 per unit, targeting gross proceeds of $80,850.
• Each unit consists of one common share and one whole‑share purchase warrant exercisable at $0.10 per share for 36 months after closing.
• Net proceeds are earmarked for general working capital and to settle the Company’s outstanding payables.

Key Details

• Offering Size: Up to 1,470,000 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.055 CAD.
• Gross Proceeds Target: $80,850 CAD.
• Warrant Terms: One‑share purchase warrant per unit; exercise price $0.10 per share; exercisable for 36 months from the closing date.
• Use of 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 payable in connection with the offering.
• Regulatory Notice: Units are not registered under U.S. securities laws and may not be offered or sold to U.S. persons without an exemption.

Notable Quotes

(No executive quotes were included in the release.)