Zentek Announces Completion of Sale of Corporate Court Office
Zentek Ltd. (NASDAQ: ZTEK, TSXV: ZEN) has completed the sale of its corporate office and laboratory space property located at 24 Corporate Court in Guelph, Ontario. The transaction, which was previously announced on April 17, 2025, was finalized for a purchase price of $2.5 million. As part of the agreement, Zentek will lease back the property from the buyer until January 31, 2026, ensuring uninterrupted operations during the transition period. The company has stated that the sale will not disrupt its daily operations or affect its staff, and plans for relocation after the leaseback period will be announced in the future.
Zentek Ltd. (NASDAQ: ZTEK, TSXV: ZEN) ha completato la vendita della sua sede aziendale e del laboratorio situati al 24 Corporate Court a Guelph, Ontario. La transazione, annunciata in precedenza il 17 aprile 2025, è stata finalizzata con un prezzo di acquisto di 2,5 milioni di dollari. Come parte dell'accordo, Zentek affitterà nuovamente la proprietà dall'acquirente fino al 31 gennaio 2026, garantendo così operazioni ininterrotte durante il periodo di transizione. L'azienda ha dichiarato che la vendita non influenzerà le attività quotidiane né il personale, e i piani per il trasferimento dopo il periodo di leasing saranno comunicati in futuro.
Zentek Ltd. (NASDAQ: ZTEK, TSXV: ZEN) ha completado la venta de su oficina corporativa y espacio de laboratorio ubicado en 24 Corporate Court en Guelph, Ontario. La transacción, anunciada previamente el 17 de abril de 2025, se cerró por un precio de compra de 2.5 millones de dólares. Como parte del acuerdo, Zentek arrendará nuevamente la propiedad al comprador hasta el 31 de enero de 2026, asegurando operaciones sin interrupciones durante el período de transición. La compañía ha declarado que la venta no afectará sus operaciones diarias ni a su personal, y los planes de reubicación después del período de arrendamiento se anunciarán en el futuro.
Zentek Ltd. (NASDAQ: ZTEK, TSXV: ZEN)는 온타리오 주 걸프에 위치한 24 Corporate Court의 본사 및 실험실 공간 부동산 매각을 완료했습니다. 이 거래는 2025년 4월 17일에 발표되었으며, 구매 가격은 250만 달러로 최종 확정되었습니다. 계약의 일환으로 Zentek는 2026년 1월 31일까지 구매자로부터 해당 부동산을 임대하여 전환 기간 동안 원활한 운영을 보장합니다. 회사는 이번 매각이 일상 운영이나 직원에게 영향을 미치지 않으며, 임대 기간 종료 후 이전 계획은 추후 발표할 예정이라고 밝혔습니다.
Zentek Ltd. (NASDAQ : ZTEK, TSXV : ZEN) a finalisé la vente de ses bureaux corporatifs et de son espace de laboratoire situés au 24 Corporate Court à Guelph, Ontario. La transaction, annoncée précédemment le 17 avril 2025, a été conclue pour un prix d'achat de 2,5 millions de dollars. Dans le cadre de l'accord, Zentek louera à nouveau la propriété à l'acheteur jusqu'au 31 janvier 2026, assurant ainsi la continuité des opérations pendant la période de transition. La société a indiqué que la vente ne perturbera pas ses activités quotidiennes ni son personnel, et les plans de relocalisation après la période de location seront annoncés ultérieurement.
Zentek Ltd. (NASDAQ: ZTEK, TSXV: ZEN) hat den Verkauf seiner Firmenzentrale und Laborfläche in der 24 Corporate Court in Guelph, Ontario, abgeschlossen. Die Transaktion, die bereits am 17. April 2025 angekündigt wurde, wurde zu einem Kaufpreis von 2,5 Millionen US-Dollar finalisiert. Im Rahmen der Vereinbarung wird Zentek die Immobilie bis zum 31. Januar 2026 vom Käufer zurückmieten, um einen unterbrechungsfreien Betrieb während der Übergangsphase sicherzustellen. Das Unternehmen erklärte, dass der Verkauf den täglichen Betrieb oder das Personal nicht beeinträchtigen wird, und Pläne für einen Umzug nach der Rückmietzeit werden zukünftig bekannt gegeben.
- Sale of property generates $2.5 million in cash proceeds
- Leaseback agreement until January 2026 ensures operational continuity
- Company will need to relocate operations by January 2026, potentially incurring moving costs
GUELPH, ON / ACCESS Newswire / May 15, 2025 / Zentek Ltd. ("Zentek" or the "Company") (NASDAQ:ZTEK)(TSXV:ZEN), announces that it has completed its purchase and sale (the "APS") dated April 15, 2025, for the sale of its property located at 24 Corporate Court, Guelph, ON N1G 5G5 (the "Property") which houses Zentek's corporate office and laboratory space.
As previously press released on April 17, 2025, under the terms of the APS, the Buyer paid the Company an aggregate purchase price of
About Zentek Ltd.
Zentek is an ISO 13485:2016 certified intellectual property technology company focused on the research, development and commercialization of novel products seeking to give the Company's commercial partners a competitive advantage by making their products better, safer, and greener.
Zentek's patented technology platform ZenGUARD™, is shown to significantly increase the bacterial and viral filtration efficiency for surgical masks and aims to do the same for HVAC (heating, ventilation, and air conditioning) systems. Zentek's ZenGUARD™ production facility is in Guelph, Ontario.
For further information:
Investorrelations@zentek.com
Ryan Shacklock
Senior VP, Strategy & Business Development
Email: rshacklock@zentek.com
Phone: 306-270-9610
To find out more about Zentek, please visit our website at www.Zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR+ profile at http://www.sedarplus.ca/.
Forward-Looking Statements
This news release contains forward-looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zentek disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Zentek Ltd.
View the original press release on ACCESS Newswire
FAQ
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