10:20:12 EST Sun 17 Nov 2019
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Zonetail Inc
Symbol ZONE
Shares Issued 64,774,130
Close 2019-11-08 C$ 0.025
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Zonetail appoints Farr as CFO, corporate secretary

2019-11-08 12:44 ET - News Release

Mr. Mark Holmes reports

ZONETAIL ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER AND GRANT OF OPTIONS

Zonetail Inc. has appointed Errol Farr to the position of chief financial officer and corporate secretary, effective Oct. 31, 2019.

Mr. Farr is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization, and strategy development. He currently is CFO and corporate secretary of Magna Terra Minerals Inc., a Canadian- and Argentine-focused junior mining company, former CFO of Anaconda Mining Inc., former president and chief executive officer of Adex Mining Inc., where he led the development plans of the Mount Pleasant mine site in New Brunswick, Canada, and former CFO of MagIndustries Corp., where he participated in the development of its potash project and led the development of its forestry assets including the construction of its $30-million wood chipping mill in the port city of Pointe Noire, Congo. He is also currently the performance mentor at a private industrial tape converter. Accompanied by his experience working as a senior executive and director for several other junior mining companies for the past 20 years, Mr. Farr brings significant financial, management and operational experience to Zonetail.

Mark Holmes, president and CEO of the company, said: "As things continue to ramp up for the company, it was time that we brought our financial team in-house. We are very pleased to welcome Errol Farr as our new CFO. His extensive expertise in both finance and operations will play a major role as Zonetail continues on its path towards success. Errol is an experienced executive with a strong executional background, which is exactly what Zonetail requires right now. I am confident that he will provide the type of leadership and management expertise necessary to help drive value for our shareholders."

In connection with the appointment, the company has granted Mr. Farr one million stock options exercisable at nine cents per share for a period of five years.

About Zonetail Inc.

Zonetail is a mobile platform for hotels and condominiums providing guests and residents access and interaction with building amenities and services as well as neighbouring restaurants, stores, services and attractions.

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