Zimtu Capital Corp. (TSXV:ZC) entered into a definitive agreement to purchase Eagle Lake, Grove Lake, and Whitefish Lake Mining Claims in the Province of Ontario from Shawn Ryan and Others for CAD 1.3 million on June 15, 2023. Zimtu Capital has agreed to acquire a 100% interest in the Claims for consideration which consist of (i) an aggregate cash payment of CAD 315,000 to be paid to the sellers upon closing of the acquisition (ii) an aggregate of 9,000,000 common shares in the capital of Zimtu to be issued to the sellers upon Closing; and (iii) an aggregate cash payment of CAD 315,000 to be paid to the sellers within four months of closing. As additional consideration for the acquisition, Zimtu Capital will grant to one of the sellers a 1% net smelter returns royalty interest in the future minerals produced from the claims upon achieving commercial production. The Zimtu Shares to be issued on Closing will be subject to a hold period expiring four months and one day following Closing. The completion of the Acquisition is subject to the approval of the TSX Venture Exchange.

Zimtu Capital Corp. (TSXV:ZC) completed the acquisition of Eagle Lake, Grove Lake, and Whitefish Lake Mining Claims in the Province of Ontario from Shawn Ryan and Others on July 13, 2023.