Financings
Zonetail Announces Amendment of Debentures Terms and Extension Period of Warrants

ZONE · Price
Executive Summary
- Zonetail Inc. amended the terms of its non‑brokered private placement of Series A 20% secured notes, extending maturity to April 2027 and allowing deferral of interest for the first three years.
- The company closed $203,800 of notes, with insiders subscribing for $115,500 (57% of the offering).
- 4,076,000 warrants were issued at an exercise price of $0.05 per share; the expiry has been extended by one year to April 2027.
Key Details
- Closed proceeds: $203,800 total; insider participation amounted to $115,500 (57% of the offering).
- Notes terms amendment:
- Interest payable in cash on each anniversary can be deferred for years 1‑3 (“Deferred Amount”).
- Deferred interest will accrue at 20% per annum.
- Maturity extended from original date to April 2027.
- Warrants: 4,076,000 warrants issued; each convertible into one common share at $0.05 exercise price for one year from closing.
- Warrant expiry extension: Application filed with TSX Venture Exchange to extend expiry an additional year to April 2027.
- Related‑party transaction: Insider participation qualifies as a related‑party transaction under TSXV Policy 5.9 and MI 61‑101; the company is relying on exemptions from valuation and minority‑shareholder approval requirements.
- All other terms of the notes and warrants remain unchanged.
Notable Quotes
(No executive quotes were provided in the release.)
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Jun 02, 2026 · 18:05