ZTEST Electronics Inc. (OTCPK:ZTST.F) announced a non-brokered private placement of up to 1,600,000 working capital units at a price of CAD 0.85 per working capital unit for gross proceeds of CAD 1,360,000 on January 11, 2018. Each working capital unit consists of one common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to acquire an additional common share of the company at CAD 1.10 until the earlier of January 31, 2019; and in the event that the closing price of the common shares on the Canadian Securities Exchange is at least CAD 2 for 20 consecutive trading days, and the 20th trading day is at least four months from the closing date, the date which is thirty days from the final trading day. All securities issued pursuant to the transaction are subject to a statutory four month hold period. Eligible finders may receive up to 7% of the value of proceeds of the sale of working capital units in cash and up to 7% of the number of working capital units sold in the form of broker warrants. Each broker warrant issued in respect of the sale of working capital units entitles the holder to acquire one common share at CAD 0.85 for a period of one year from the closing of the transaction.