|
NORTH YORK, ONTARIO--(Marketwire - Feb. 5, 2013) - ZTEST Electronics Inc. (the "Company") (TSX VENTURE:ZTE) wishes to announce that, further to its press release of December 20, 2012, it has placed 2,200,000 units at $0.08 per unit for gross proceeds of $176,000 (the "Offering"). Each unit is comprised of one (1) common share and one-half (1/2) of a share purchase warrant with each full share purchase warrant entitling the holder to acquire a common share of the Company at $0.10 for three (3) years following closing. ZTEST paid a cash finders fee of $10,560 in respect of the Offering. The securities issued are legended and restricted from trading until June 5, 2013. The funds raised in the Offering will be used for working capital. |
