Zentek completes C$18 million private placement financing
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Zentek Announces Closing of Fully Subscribed Brokered LIFE Offering for Gross Proceeds of C$18 Million
May 27, 2026 9:11 AM EDTGuelph, Ontario--(Newsfile Corp. - May 27, 2026) - Zentek Ltd. (TSXV: ZEN) (NASDAQ: ZTEK) ("Zentek" or the "Company") is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for gross proceeds of C$18,000,000, which includes the exercise in full of the agent's option. Pursuant to the Offering, the Company sold 18,000,000 units of the Company (the "Units") at a price of C$1.00 per Unit (the "Offering Price"). Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner in connection with the Offering.
"Closing this financing reflects... More
