Zentek Files Amended and Restated Audited Financial Statements

GUELPH, ON / ACCESSWIRE / November 4, 2022 / Zentek Ltd. (“Zentec“or the”Company“) (NASDAQ:ZTEK)(TSXV:ZEN), announces that it has filed amended and restated audited financial statements (the “Amended and Restated Financial Statements“) for the year ended March 31, 2022, which amend and restate the audited financial statements previously filed for the year ended March 31, 2022 (the “financial state“). Part 3.2 of Supplemental Policy 51-102CP Continuous disclosure obligations states that where an issuer changes auditors during the periods presented in the annual financial statements and the new auditor has not audited the comparative period, the auditor’s report will normally refer to the report of the previous auditor, unless the previous auditor’s report on the comparative period is reissued with the financial statements. As the new auditor’s report did not refer to the previous auditor’s report, the amended and restated financial statements therefore include the previous auditor’s report, covering the year ended March 31, 2021.

The revisions to the amended and restated financial statements were made at the request of Ontario Securities Commission staff as part of a continuous disclosure review.

About Zentek Ltd.

Zentek is an intellectual property development and commercialization company focused on the research, development and commercialization of new products using graphene and nanomaterials for use in the healthcare industry and beyond.

Zentek’s proprietary ZenGUARD™ coating is patent pending and has been shown to have 99% antimicrobial activity, including against COVID-19, for use in PPE and potentially HVAC and other industries. Zentek’s ZenGUARD™ production facility is located in Guelph, Ontario.

For more information:

Ryan Shacklock
Tel: (306) 270-9610
E-mail: [email protected]

To learn more about Zentek Ltd., please visit our website at www.Zentek.com. A copy of this press release and all material documents relating to the Company may be obtained on ZEN’s SEDAR profile at http://www.sedar.com/.

Forward-looking statements

This press release contains forward-looking statements. Because forward-looking statements address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Although Zentek believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which speaks only as of the date of this release. release, and no assurance can be given that such events will occur within the timeframes disclosed 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, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Zentek Ltd.

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