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    ZC   CA9895892052

ZIMTU CAPITAL CORP.

(ZC)
Delayed Bourse de Toronto  -  05/20 03:18:52 pm EDT
0.2300 CAD   +15.00%
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Zimtu Capital : Announces Increase to Private Placement

01/18/2022 | 02:40pm EDT

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

January 18, 2022 - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") announces it has increased its previously announced non-brokered private placement offering (the "Private Placement") where the Company shall be offering for sale units of the Company up to 10,000,000 units (the "Units") at a price of $0.20 per Unit, for gross proceeds of up to $2,000,000. Each Unit will be comprised of one common share in the capital of the Company (each, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share in the capital of the Company (each, a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.30.

Finder's fees or brokers' commissions may be paid in accordance with TSX Venture Exchange ("TSXV") policies.

All securities will be subject to a four-month hold period from the closing date. The Private Placement is subject to TSXV approval.

The Company intends to use the proceeds from the Private Placement for working capital in its company creation process.

About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information, please visit https://www.zimtu.com.

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"David Hodge"
David Hodge
President & Director
Phone: 604.681.1568

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 NEWS RELEASE.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include expectations of raising funds and regarding use of proceeds of the Private Placement. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the TSXV may not approve the Private Placement; there may not be interested subscribers; the proceeds of the Private Placement may not be used as stated in this press release; and that the parties may be unable to satisfy all of the conditions to closing the Private Placement. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Disclaimer

Zimtu Capital Corp. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 19:39:04 UTC.


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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 6,03 M 4,69 M 4,69 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 87,5%
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Managers and Directors
David Ian Hodge President, Chief Executive Officer & Director
Jody Bellefleur Chief Financial Officer
Kevin James Bottomley Independent Director
John Christopher Grove Secretary & Independent Director
Sean Charland Director