Zinc8 Energy Solutions Inc announced a non-brokered private placement of up to 9,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 450,000 on November 21, 2023. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant entitling the holder to purchase one Share at a price of CAD 0.10 per Share for a period of two years from closing of the Offering.

The Closing remains subject to several conditions including receipt of subscriptions and regulatory approval, if required. All securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the Closing in accordance with securities laws.