Fully Subscribed Private Placement and Shares for Debt ZeU Technologies Inc. (CSE: ZEU) is pleased to announce that it has completed its previously announced non-brokered private placement, pursuant to which it has issued an aggregate of 2,500,000 units at a price of $0.25 per Unit for gross proceeds of $625,000.
Each Unit will be comprised of one common share (each, a 'Share') in the capital of the Corporation and one Share purchase warrant (each, a 'Unit Warrant'), entitling the holder to purchase one Share at an exercise price of $0.35 until the day following the second anniversary of the issuance of the units (the 'Warrant Expiry Date'). In the event that the trading price of the Shares on the Canadian Securities Exchange (the 'CSE') reaches $1.00 per Share on any single day, the Corporation may, at its option, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an 'Acceleration Notice') thereof and issuing a press release (a 'Warrant Acceleration Press Release', and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the date of issuance of the Warrant Acceleration Press Release
About ZeU
ZeU is a forward-thinking Canadian technology company that has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU's technology maximizes transparency, security and scalability as well as big data management. ZeU's strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data, and healthcare.