(TheNewswire)
Montréal – TheNewswire - November 19, 2021 – ZeU Technologies, Inc. (CSE:ZEU) (CNSX:ZEU.CN) (OTC:ZEUCF) ispleased to announce that it intends to raise up to $888,000 inthe form of a non-brokered private placement. The Offering willconsist of units at a price of$0.40 per Unit.
Each Unit will be comprisedof one common share in thecapital of the Corporation (each a“ Share ”) and one Share purchase warrant (each a “ Warrant ”). EachWarrant shall entitle the holder thereof to acquire one additionalShare (each a “ WarrantShare ”) in the capital of the Corporation at aprice of $0.45 for aperiod of 18 months following the issuance of the Units (the“ Warrant ExpiryDate ”).
In the event that the trading price of the Shares onthe Canadian Securities Exchange (the “ CSE ”) reaches $2.50 per Share on any singleday, the Corporation may, at its option, accelerate the Warrant ExpiryDate by delivery of notice to the registeredholders (an “ AccelerationNotice ”) thereof and issuing a press release(a “ Warrant AccelerationPress Release ”, and, in such case, the WarrantExpiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the30 th day following the date of issuance of the Warrant Acceleration PressRelease.
The Corporation might pay a finder’s fee on parts orall of the Private Placement offering. Theproceeds of the Private Placement will be used for general working purposes . All securities to be issued in respect of the PrivatePlacement will be subject to a hold period of four (4) monthsfollowing the issuance of the securities. The Offering is subject tothe approval of the CSE.
The maximum proceeds of the Private Placement offering are $888,000.
ON BEHALF OF THE BOARD OF DIRECTORS
“FrankDumas”
Frank Dumas
President & CEO
About ZeU
ZeU is a forward-thinking Canadian technology company that hasdeveloped a state-of-the-art DLT protocol, providing the foundationfor the next generation of encrypted and distributed networks. Thanksto its high level of sophistication, ZeU’s technology maximizestransparency, security and scalability as well as big data management.ZeU’s strategy is to monetize DLT transactions in diverse sectorssuch as payment, gaming, data, and healthcare.
The CSE has in no way passed uponthe merits of the Transaction and has neither approved nor disapprovedthe contents of this press release.
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