Zefiro Methane Secures C$4.5M Financing with 9.375M Units and C$0.60 Warrants
Zefiro Methane Corp closed a C$4.5 million equity financing by issuing 9,375,000 units at C$0.48 apiece, each including a share and a warrant exercisable at C$0.60 over 24 months. Net proceeds will fund accretive acquisitions and bolster working capital for its Plants & Goodwin subsidiary.
1. Financing Terms
On April 23, Zefiro issued 9,375,000 units at C$0.48 per unit, raising C$4.5 million. Each unit includes one common share and one warrant exercisable at C$0.60 for 24 months, and the company paid C$270,000 in fees plus 562,500 broker warrants exercisable at C$0.75 for two years.
2. Use of Proceeds
The net proceeds will support near-term accretive acquisitions and provide working capital for the organic growth of its wholly owned subsidiary Plants & Goodwin. This capital injection aims to accelerate Zefiro’s environmental services platform expansion.
3. Management Outlook
This marks Zefiro’s first primary equity financing since its IPO two years ago and reflects new management’s strategy for scalable growth and improved financial performance. Strategic European investors now back the company’s growth trajectory.