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ZoomAway Travel reveals plans to raise C$250,000 for working capital and development

The funds will be used for general working capital, marketing and research and development, the group said.

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ZoomAway provides hotels and other facilities with a scalable, integated tech platform

ZoomAway Travel Inc (CVE:ZMA) plans to raise  C$250,000 via a private placing to be used for general working capital, marketing and research and development.

It will offer up to 5mln units at C$0.05 each.

Each unit consists of one share and a one-half of a warrant, with each whole warrant entitling the holder to acquire an additional voting share at $0.10 per share for 12 months after closing.

ZoomAway 's technology provides hotels and ski resorts and others with a platform that allows for the discounted packaging of lodging, ski, golf, activities and attractions.

Travel Game Block Chain Inc is its new Canadian subsidiary dedicated to the digital gaming and hospitality industries.

Quick facts: ZoomAway Travel Inc

Price: 0.065 CAD

TSX-V:ZMA
Market: TSX-V
Market Cap: $4.02 m
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