Zinc8 Energy Solutions Announces $5,000,000 Private Placement

VANCOUVER, BC, Sept. 26, 2023 /CNW/ - Zinc8 Energy Solutions Inc. ("Zinc8" or the "Company") (CNSX:ZAIR.CN) (OTC:ZAIRF) (FSE:0E9) is pleased to announce the offering of up to 333,333,333 common shares (each, a "Share") at a price of $0.015 per Share as a non-brokered private placement (the "Private Placement") to raise gross proceeds of up to $5,000,000. Of this amount, a lead order for $2,000,000, corresponding to 133,333,333 Shares is expected. For the remaining $3,000,000, the Company intends to give existing shareholders priority for their subscriptions.  The proceeds of the Private Placement will be used for working capital expenditures including operating expenses, payment of accounts payable, research and development, pursuing advancement of the Company's business plan, salaries and wages, investor relations and marketing fees, and professional fees. Finder's fees and/or commissions will be paid in connection with the Private Placement and follow Canadian Securities Exchange policies.