Zinc8 Energy Solutions (CSE:ZAIR) closed a non-brokered private placement, issuing 10,752,500 units at $0.05 per unit for gross proceeds of $537,625.
Each unit comprises one share and one warrant, allowing the holder to buy an additional share at $0.10 until December 22, 2025. The company paid $3,200 in cash and issued 284,800 common shares to eligible finders.
Proceeds will fund various operational aspects, including working capital, research and development, and business plan advancement.