ZYUS Life Sciences Raises CA$200,000 in First Tranche of Non-Brokered Private Placement

07:56 AM EDT, 10/22/2026 (MT Newswires) -- ZYUS Life Sciences (ZYUS.V) raised CA$200,000 from the first tranche of its non-brokered private placement for total gross proceeds of up to CA$3 million, it said late Wednesday. The company issued 444,444 units at a price of CA$0.45 each under the first tranche of the non-brokered private placement of up to around 6.7 million units, said the company. Certain insiders of the company purchased all of the 444,444 units, it added. The company expects to close an additional tranche, it said. Each unit is made up of a share and one-half of a two-year warrant, with each whole warrant entitling the holder to buy a share at a price of CA$0.59, it said. The company will use the proceeds for general corporate and working capital purposes, it added. The offering, which got conditional approval from the TSX Venture Exchange, remains subject to final acceptance of the TSXV, said ZYUS Life Sciences.