Vital Metals grows tonnage by 56% at Nechalacho rare earth project
The updated resource will support a scoping study that the company expects to complete within the coming weeks.
(via TheNewswire)
TORONTO, Ontario, January 20, 2025 – TheNewswire - Zonetail Inc. (“Zonetail” or the “Company”) (TSXV: ZONE, OTC Pinks: ZTLLF), at the request of CIRO, Zonetail wishes to clarify that it has closed its previously announced non-brokered private placement (see press release dated November 6, 2024). The Company closed a total of $46,000.00, through the issuance of 2,300,000 common shares at $0.02 per share. The Company will not be proceeding with the balance of the private placement at this time. The proceeds of the private placement will be used for general working capital purposes. No insiders participated and no any finders fees were paid as a result of the Closing.
All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
About Zonetail
Zonetail Inc. (TSXV: ZONE) (OTC Pinks: ZTLLF) is a mobile platform and market network. Our Mission is to provide a state-of-the-art mobile platform that enables high-rise residents to better manage their homes by connecting people to products, amenities, and services. Our Vision is to build a critical mass of users in the hard-to-reach, high rise residential vertical, through a unique mobile market network model - providing vital information, products, and services at the tap of a screen. We are the search engine to optimize your home.
Please visit https://www.zonetail.com.
For more information, please contact:
Mark Holmes
President and CEO
Zonetail Inc.
Telephone: (416) 994-5399
Legal Disclaimer and Forward-Looking Statements
This press release contains forward-looking statements that relate to Zonetail’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Zonetail’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Zonetail undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are based on certain assumptions and analysis made by Zonetail in light of its experience and perception of historical trends, current conditions and expected future developments and other factors Zonetail believes are appropriate, and are subject to risks and uncertainties. Although Zonetail believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Given these risks, uncertainties and assumptions, prospective purchasers should not place undue reliance on these forward-looking statements.
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