On June 22, 2018 ZEN announced the closing of Team Yellow's first Private Placement.
ZEN received ~$712,000 from 1,311,693 Units (1 common share and one half of a $0.80 warrant) for $0.55 per unit.
The flock gathered round to voice their support and their confidence that things would "turn around" for ZEN.
Less than 4 months later, on Oct 3rd, Choo-Choo and friends needed more money "to fund ongoing work on the Albany Graphite Project including environmental studies and metallurgical process development to collect data for an updated PEA as well as for general corporate purposes."
ZEN will receive $1,000,000 from 2,222,222 Units (1 common share and one half of a $0.60 warrant) for $0.45 per unit.
In their time at the helm of the good ship ZEN, Team Yellow has "managed" ZEN spectacularly. 
14 weeks after the $0.55 PP, the best they could do is a $0.45 PP. - DOWN OVER 18%
After multiple NR's (all enthusiastically applauded by the flock), several interviews and a "New Direction":
ZEN has issued over 3,500,000 new shares and is currently (last trade is at the 5+ year low: $0.42) down over 33% since the May 16 close at $0.63
Choo-Choo??? |
