New Issue: Zi closes private placement of units for $6 million

By Laura Lutz

Des Moines, March 26 - Zi Corp. settled a private placement of units for $6,000,712.

The company sold 3,776,848 units at $1.61 per unit. Each unit consists of one share and one warrant for four-tenths of a share. Each warrant will be exercisable for five years at $2.14 per share.

Proceeds will be used for general corporate purposes.

Zi, based in Calgary, Alta., develops devices used with mobile phones and gaming consoles.

Issuer:	Zi Corp.
Issue:	Units of one share and one warrant for two-tenths of a share
Amount:	$6,000,712
Units:	3,776,848
Price:	$1.61
Warrants:	One warrant for 0.4 shares per unit
Warrant strike price:	$2.14
Settlement date:	March 26
Stock symbol:	Nasdaq: ZICA
Stock price:	$1.89 at close March 23

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