It is surprising that Zenith is only going for an Equity Private Placement valued at $8M US.

Min subscription of $50K US to institutional and accredited investors.

The price per unit is 60 cents US with a 2-year warrant at 75 cents US.

As I understand it this adds 13.333 Million common shares to ZCC. The Proceeds for continuing oncology clinical development and for RVX apabatelone commercializing efforts. 

Koo