ZTEST Signs Guarantee Agreement
2011年5月20日 - 5:22AM
Marketwired
ZTEST Electronics Inc. ("ZTEST" or the "Corporation") (TSX VENTURE:
ZTE) wishes to announce that it has entered into a guarantee
agreement ("Guarantee Agreement") with an individual (the
"Guarantor") and the Corporation's wholly- owned subsidiary
Permatech Electronics Corp. ("Permatech") in order for Permatech to
obtain a line of credit ("Line of Credit") from a financial
institution. As partial consideration for guaranteeing the Line of
Credit (the "Guarantee"), ZTEST has agreed to grant to the
Guarantor 500,000 bonus warrants (the "Bonus Warrants"). The Bonus
Warrants entitle the Guarantor to acquire one (1) common share of
ZTEST at a price of $0.135 per share until the date which is the
lesser of (i) two (2) years from May 18, 2011 and (ii) the term
that the Guarantee under the Line of Credit Agreement remains an
obligation of the Guarantor and the Line of Credit remains
outstanding subject to certain claw-back provisions imposed by the
policies of the TSX Venture Exchange. The securities will be
legended and restricted from trading until September 19, 2011.
About ZTEST Electronics Inc.
ZTEST Electronics Inc., through its wholly-owned subsidiary
Permatech, offers Electronic Manufacturing Services (EMS) to a wide
range of customers. Permatech's offering includes Materials
Management, Printed Circuit Board (PCB) Assembly, Testing and
Design services. Permatech operates from a 20,000 square foot, ISO
9001:2008 certified facility in North York, Ontario, Canada. The
company serves customers in the Medical, Power, Computer,
Telecommunication, Wireless, Industrial and Consumer Electronics
markets requiring high quality, quick-turn, small and medium size
production runs.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: ZTEST Electronics Inc. Ted Drzazga CEO (416) 297-5155
info@ztest.com
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