Zentek Announces Upsize to Non-Brokered Private Placement of Units

Core Points - Zentek Ltd. has announced an upsized non-brokered private placement of units, increasing the offering to 2,361,538 units at a price of $1.30 per unit, resulting in aggregate gross proceeds of up to $3,070,000 [2][3] - The net proceeds from the offering will be allocated for working capital and general corporate purposes [3] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of $3.00 for a period of 24 months from the closing date [3] Additional Information - The company may pay a cash commission of 5% of the gross proceeds to eligible finders who introduce subscribers to the offering [4] - The closing of the offering is contingent upon receiving all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange [5] - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [5] Company Overview - Zentek Ltd. is an ISO 13485:2016 certified intellectual property technology company focused on the research, development, and commercialization of novel products aimed at providing competitive advantages to commercial partners [7] - The company's patented technology platform, ZenGUARD™, demonstrates 99% anti-microbial activity and aims to enhance viral filtration efficiency for surgical masks and HVAC systems [8]