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    ZC   CA9895892052

ZIMTU CAPITAL CORP.

(ZC)
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Zimtu Capital : Ares Mining to Commence Trading on the Canadian Securities Exchange (CSE) on Friday Oct 22, 2021

10/22/2021 | 11:44am EST

• Exchange move undertaken to allow for faster execution of company strategy and business arrangements.

• New arrangement will translate to significant ongoing and annual cost savings for Ares.

Vancouver, B.C. October 21st, 2021 - Ares Strategic Mining Inc. ("Ares" or the "Company") (TSXV: ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to is pleased to announce that it has received approval for the listing of its common shares on the Canadian Securities Exchange (the "CSE"), under the symbol ARS at the opening of the market on October 22, 2021.

The Company will continue to trade on the OTCQX in the United States, and the Frankfurt Stock Exchange (FRA) in Germany, and all trading for all Canadian shareholders will also continue unchanged. The CSE has an all-inclusive fee structure as opposed to the TSXV's percentage charges for each transaction, meaning significant savings for highly active companies. Additionally, the CSE does not charge companies to close Private Placements, allowing for greater investment in the project. Ares has significant mining and construction plans and would benefit both expediently and financially from the structure offered by the CSE.

James Walker, President and CEO of the Company said, "We have many significant upcoming undertakings planned for Ares, and the CSE structure will enable us to achieve our ambitions more quickly and inexpensively. Ares is anticipating a busy year, and wants to ensure its trading platform will facilitate these ambitions as efficiently as possible. We are excited about the upcoming work in the Company, and are confident the CSE will form part of the Company's success."

ON BEHALF OF THE BOARD OF
DIRECTORS OF ARES STRATEGIC MINING INC.

James Walker
Chief Executive Officer and President

For further information, please contact James Walker by phone at 604-345-1576 or by email at jwalker@aresmining.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Disclaimer

Zimtu Capital Corp. published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 15:43:07 UTC.


ę Publicnow 2021
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Financials
Sales 2020 1,39 M 1,09 M 1,09 M
Net income 2020 3,70 M 2,90 M 2,90 M
Net cash 2020 8,83 M 6,92 M 6,92 M
P/E ratio 2020 0,67x
Yield 2020 -
Capitalization 4,03 M 3,15 M 3,16 M
EV / Sales 2019 -1,53x
EV / Sales 2020 -4,56x
Nbr of Employees -
Free-Float 79,7%
Chart ZIMTU CAPITAL CORP.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,25 CAD
Average target price 0,69 CAD
Spread / Average Target 176%
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
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