EX-99.172 173 exhibit99-172.htm EXHIBIT 99.172 Zentek Ltd.: Exhibit 99.172 - Filed by newsfilecorp.com

 

                September 30,  
    September 30,     September 30,     2021  
    2021     2021     Pro forma  
    Actual     Pro forma     As Adjusted  
    (Unaudited)     (Unaudited)     (Unaudited)  
                   
CASH $ 3,260,079   $ 31,395,715   $ 34,655,794  (1)
SHAREHOLDERS' EQUITY:                  
Share capital: 90,462,435 shares issued and outstanding on an actual, 6,348,862 shares pro forma and 96,811,297 shares pro forma as adjusted basis as of September 30, 2021, respectively   49,601,559     31,395,715     80,997,274  
Warrants   863,369     -     863,369  
Share-based payment reserve   4,522,126     -     4,522,126  
Accumulated deficit   (51,348,850 )   -     (51,348,850 )
Total shareholders' equity   3,638,204     31,395,715     35,033,919  
Total capitalization $ 3,638,204   $ 31,395,715   $ 35,033,919  

(1) Cash is shown net of $1,618,000 in cash commissions and issuance costs