ZTEST COMPLETES PRIVATE PLACEMENT
ZTEST Electronics Inc., ZTST - CDN, ("ZTEST") wishes to announce that it has completed one private placement for $155,400 with an arms-length party. The private placee subscribed for 42,000 Units of the Corporation. Each Unit of the Corporation consists of one (1) common share of the Corporation priced at $3.70 per share and one-half (1/2) of a share purchase warrant with each full warrant entitling the holder to acquire one (1) additional common share of the Corporation at a price of $4.35 until April 13, 2002.
The funds received from this private placement were applied to working capital.
ZTEST offers Strategic Partner services in electronic design, development and manufacturing to emerging high tech companies in return for long-term manufacturing contracts, fees for services and equity positions.
For further information, please contact Mr. James E. Lalonde, Manager, Corporate Development, at (905) 569-3344 or visit our website at http://www.ztest.com.
The current outstanding capital of ZTEST including the shares issued pursuant to this private placement is 18,786,566 common shares.
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