Revelstoke Equity Inc. Announces Closing Of Zonetail Inc. Subscription Receipt Financing
TORONTO, July 13, 2018 /CNW/ – Revelstoke Equity Inc. (TSXV: REQ.H) (the “Corporation” or “Revelstoke”) announces that, further to its press release dated July 12, 2018 (the “Previous Press Release”), Zonetail Inc. (“Zonetail”) has closed its previously announced brokered private placement of 11,130,092 subscription receipts of Zonetail (“Subscription Receipts”) for gross proceeds of $2,003,416.56 (the “Private Placement”) pursuant to an Agency Agreement dated July 13, 2018 (the “Agency Agreement”) among the Corporation, Zonetail, Gravitas Securities Inc. (“Gravitas”), acting as co-lead agent with Canaccord Genuity Corp. for the Private Placement, and with Beacon Securities Limited (collectively, the “Agents”). In connection with their services to Zonetail with respect to the Private Placement, the Agents have been compensated pursuant to the Agency Agreement as was previously disclosed in the Previous Press Release.
