ZTEST Electronics Inc. (OTCPK:ZTST.F) announced a non-brokered private placement of up to 2,000,000 working capital units at CAD 0.15 per unit for proceeds of up to CAD 300,000 on January 22, 2020. Each working capital unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire an additional common share of the company at CAD 0.25 for one year from the closing of the transaction. The insiders of the company will subscribe for 25% of the total proceeds from the transaction. As part of the transaction, eligible finders may receive up to 7% of the value of proceeds in cash and up to 7% of the number of units sold in the form of broker warrants. Each broker warrant issued entitles the holder to acquire one common share of the company at CAD 0.15 for a period of one year from the closing of the transaction. All the securities issued as part of the transaction are subject to a statutory four month hold period.