Zimtu Capital Corp. announced a non-brokered private placement of up to 3,750,000 units at a price of CAD 0.20 per unit, for gross proceeds of up to CAD 750,000 on January 10, 2022. Each unit will comprise one common share and one non-transferable share purchase warrant of the company. Each warrant will entitle the holder to purchase one additional common share for a period of 24 months from the closing date at an exercise price of CAD 0.30 per share. The company may pay finder's fees in the transaction. All securities to be issued will be subject to a four-month hold period from the closing date. The transaction is subject to TSX-Venture Exchange approval.