NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the "Company", "Zefiro", or "ZEFI") is pleased to announce that it has obtained a receipt for its final prospectus (the "Prospectus") filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, and Ontario for an initial public offering (the "Offering") of 2,000,000 common shares of the Company ("Shares") at a price of $1.50 per Share (the "Offering Price") for gross proceeds of $3,000,000. PI Financial Corp. is acting as lead underwriter for the Offering on behalf of a syndicate of underwriters that includes Raymond James Ltd. and Echelon Wealth Partners Inc. Zefiro has granted the underwriters an over-allotment option (the "Over-Allotment Option"), exercisable in whole or in part, at the sole discretion of the underwriters, at any time on and for a period of 30 days following the Closing Date (as defined below), to sell up to 300,000 additional common shares of the Company (representing 15% of the aggregate number of Shares sold pursuant to the Offering) at the Offering Price, for additional gross proceeds to the Company of $450,000 if the Over-Allotment Option is exercised in full. The closing of the Offering is expected to occur on or about April 23, 2024 (the "Closing Date") and is subject to customary closing conditions, including the receipt of all necessary regulatory approvals. Zefiro has received conditional approval to list the Shares, including Shares issued and sold pursuant to the Offering, on the Cboe Canada Inc. exchange ("Cboe Canada") under the symbol "ZEFI". Listing remains subject to Zefiro fulfilling all of the listing requirements of Cboe Canada. The net proceeds of the Offering will be used for equipment purchases, operation team scaling, carbon credit pre-sale fees, integration of Plants and Goodwin, Inc., professional fees, management overhead, repayment of outstanding notes, marketing and investor relations, and working capital, as more particularly set out in the Prospectus. A copy of the Prospectus is available under Zefiro's ...