|June 13, 2012|
Zimtu Capital Corp. Announces Closing of Non-Brokered Private Placement
|Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") announces that it has closed its previously announced non-brokered private placement financing through the issuance of 1,292,221 common shares (the "Shares") of the Company at a price of $1.20 per share for gross proceeds of $1,550,665 (the "Offering"). |
The Shares issued under the Offering are subject to a hold period expiring four months from the date of issue. The Company paid total cash finder's fees of $39,660.77 in connection with the Offering. Proceeds of the Offering will be used for investment opportunities and general working capital requirements.
None of the Shares have been or will be registered under the United States Securities Act of 1933, as amended (the "Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act.
About Zimtu Capital Corp.
Zimtu Capital Corp. invests in, creates and grows natural resource companies thereby providing a way for shareholders to indirectly participate and profit in the public company building process. The Company also provides mineral property advisory services helping to connect companies to properties of interest.
Zimtu Capital trades on the TSX Venture Exchange under the symbol "ZC" and the Frankfurt Stock Exchange under the symbol "ZCT1." For more information please visit the corporate website at http://www.zimtu.com or contact:
Toll Free: 1.877.377.6222
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Neither 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.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that proceeds of the Offering will be used for investment opportunities and general working capital requirements.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
You can view the Next News Releases item: Thu Jul 26, 2012, Zimtu Capital Corp. Announces Participation in Pacific Potash Corp.'s Acquisition of Brazilian Potash Assets
You can view the Previous News Releases item: Wed May 2, 2012, Zimtu Capital Corp. Announces Transaction with Olympic Resources Ltd. for Flora Lake Graphite Property in Labrador
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