Disseminated on behalf of Zinc8 Energy Solutions Inc and Zimtu Capital Corp.

Canadian Zinc8 Energy Solutions Inc. has closed a marketed private placement offering of 28.75 million common shares of the company at a price of $0.54 per share for total gross proceeds of $15,525,000. According to the company, the net proceeds will be used for further research and development and commercialization of the company´s patented zinc-air battery system, business development, marketing, capital investments and general working capital requirements. Zinc8 aims to develop and commercialize a dependable low-cost zinc-air battery.