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Message: ZeU Arranges for up to $888,000 Shares Offering Financing

Montréal – TheNewswire - November 19, 2021 – ZeU Technologies, Inc. (ZEU: CSE) (CNSX:ZEU.CN) (ZEUCF: OTC) is pleased to announce that it intends to raise up to $888,000 in the form of a non-brokered private placement. The Offering will consist of units at a price of $0.40 per Unit.

Each Unit will be comprised of one common share in the capital of the Corporation (each a “ Share ”) and one Share purchase warrant (each a “ Warrant ”). Each Warrant shall entitle the holder thereof to acquire one additional Share (each a “ Warrant Share ”) in the capital of the Corporation at a price of $0.45 for a period of 18 months following the issuance of the Units (the “ Warrant Expiry Date ”).

In the event that the trading price of the Shares on the Canadian Securities Exchange (the “ CSE ”) reaches $2.50 per Share on any single day, the Corporation may, at its option, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an “ Acceleration Notice ”) thereof and issuing a press release (a “ Warrant Acceleration Press Release ”, and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Montreal time) on the 30 th day following the date of issuance of the Warrant Acceleration Press Release.

The Corporation might pay a finder’s fee on parts or all of the Private Placement offering. The proceeds of the Private Placement will be used for general working purposes . All securities to be issued in respect of the Private Placement will be subject to a hold period of four (4) months following the issuance of the securities. The Offering is subject to the approval of the CSE.

The maximum proceeds of the Private Placement offering are $888,000.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

Frank Dumas
President & CEO

About ZeU

ZeU is a forward-thinking Canadian technology company that has developed a state-of-the-art DLT protocol, providing the foundation for the next generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU’s technology maximizes transparency, security and scalability as well as big data management. ZeU’s strategy is to monetize DLT transactions in diverse sectors such as payment, gaming, data, and healthcare.

The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release.

Copyright (c) 2021 TheNewswire - All rights reserved.

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