August 3, 2022 – Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the “Company” or “Zimtu”) announces on July 27, 2022 that Zimtu acquired (the “Transaction”) an aggregate of 4,302,626 common shares (each, a “Share”) of Sceptre Ventures Inc. (“Sceptre Ventures”) pursuant to a debt settlement of an aggregate of $258,157.57 owed to Zimtu.
Prior to the Transaction, Zimtu owned and controlled nil securities of the Company. Following the Transaction, Zimtu directly owns and controls 4,302,626 Shares, representing 35.83% of the issued and outstanding Shares as at July 27, 2022 (based on 12,008,278 Shares issued and outstanding as of such date).
Zimtu holds securities of the Company for investment purposes. Depending on economic or market conditions or matters relating to the Company, Zimtu may choose to either acquire additional securities or dispose of securities of the Company.
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 www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.