ZTEST Electronics Increases Private Placement to $1.25 Million Amid High Demand

ZTEST Electronics Inc., based in North York, ON, has announced an increased target for its non-brokered private placement from the initial $500,000 to $1,250,000 due to significant interest. This adjustment allows for the issuance of up to 5,000,000 working capital units at $0.25 each. This capital will serve as working funds for the company.

Each working capital unit includes a common share and half of a share purchase warrant, with each whole warrant permitting the purchase of an additional share at $0.30 up to 18 months post-offering. The offering also provides for finder's fees and compensation options, translating to 7% in cash and options based on the units sold. These securities are subject to a hold period of four months and one day.

The private placement's success underscores the strong interest in ZTEST Electronics, reflecting positively on its operational capabilities and market position.