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ZENN Motor Company Completes Private Placement |
April 17, 2012
TORONTO, ONTARIO--(Marketwire - April 16, 2012) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") is pleased to announce that its previously announced non-brokered private placement has been completed. The Company has issued and sold 2,350,000 units at a price of $0.85 per unit raising gross proceeds of $1,997,500. Each unit consisted of one common share and one common share purchase warrant. Each share purchase warrant entitles the holder to acquire one common share at a price of $1.35 until October 13, 2013.
http://www.marketwire.com/mw/release.do?id=1644469&sourceType=3
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