Zentek (ZTEK) Announces Upsized Private Placement of Units

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Zentek Announces Upsize to Non-Brokered Private Placement of Units

August 14, 2024 4:24 PM EDT

Guelph, Ontario--(Newsfile Corp. - August 14, 2024) - Zentek Ltd. (NASDAQ: ZTEK) (TSXV: ZEN) ("Zentek" or the "Company"), an intellectual property development and commercialization company is pleased to announce that, further to its press release of July 31, 2024, its previously announced non-brokered private placement of units (each, a "Unit") at a price of $1.30 per Unit has been upsized to 2,361,538 Units for aggregate gross proceeds of up to $3,070,000 (the "Offering").

Net proceeds of the Offering will be used for working capital and general corporate purposes.

Each Unit consists of... More