Zentek (ZTEK) Announces 2.3M Unit Placement at $1.30/sh

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Zentek Announces Non-Brokered Private Placement of Units for up to $3 Million

July 23, 2024 9:02 AM EDT

Guelph, Ontario--(Newsfile Corp. - July 23, 2024) - Zentek Ltd.(NASDAQ: ZTEK) (TSXV: ZEN) ("Zentek" or the "Company"), an intellectual property development and commercialization company is pleased to announce its intention to complete a non-brokered private placement of up to $3 million through the issuance of up to 2,307,692 units (the "Units") in the capital of the Company at a price of $1.30 per Unit (the "Offering"). Gross proceeds of the Offering will be used for working capital and general corporate purposes.

Each Unit consists of one common share (each, a... More