June 20. 1997 - ZTEST Electronics Inc. - Private Placement Announcement
MISSISSAUGA, ONTARIO--ZTEST Electronics Inc., ZTST - CDN, ("ZTEST") wishes to announce that it has arranged a 150,000 units private placement. Each unit, priced at $1.67 per unit, will be comprised of one (1) common share and one-half (1/2) warrant with each full warrant entitling the private placee to purchase a further common share at $1.95 in the first year following closing of the transaction and at $2.25 in the second year following closing of the transaction.
This private placement will net ZTEST $250,500.00 to be applied to working capital.
ZTEST, in addition to its proprietary line of Automatic Test Equipment, offers strategic partner services in electronic design and manufacturing to emerging high tech companies in return for long-term manufacturing contracts together with a combination of fees and equity positions.