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Zimtu Capital Corp. Announces Closing of Warrant Exercise Incentive Program
VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (...
About this update from Zimtu Capital Corp.
[{"type":"text","content":"Zimtu Capital Corp. Announces Closing of Warrant Exercise Incentive ProgramVANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the \"Company\" or \"Zimtu\") is pleased to announce that, further to its news release dated October 24, 2025, the Company has completed its warrant exercise incentive program (the \"Incentive Program\") by issuing an aggregate 4,359,687 incentive warrants (the \"Incentive Warrants\") to eligible warrant holders (the \"Eligible Holders\") who participated in the Incentive Program. Each Incentive Warrant is exercisable into one common share of the Company at an exercise price of $0.75 per share until November 28, 2027.The Eligible Holders exercised an aggregate of 4,359,687 warrants (the \"Warrants\") for total gross proceeds of $2,090,802.65 as follows:No. of Warrants ExercisedExercise PriceIssuance Date1,780,817$0.45February 21, 20232,116,370$0.50May 1, 2023462,500$0.50July 14, 2023Any outstanding Warrants that were not exercised as part of the Incentive Program will remain outstanding and continue to be exercisable on their existing terms. The proceeds received from the exercise of the Warrants will be used by the Company for general working capital purposes.The Incentive Warrants and the common shares issuable upon exercise of the Incentive Warrants are subject to a four month and one day hold period from the date of the issuance of the Incentive Warrants pursuant to applicable Canadian securities laws.Certain directors and officers of the Company (the \"Insiders\") exercised an aggregate 564,287 Warrants and will receive an aggregate of 564,287 Incentive Warrants, and, as a result, the participation by the Insiders in the Incentive Program constitute a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (\"MI 61-101\"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Warrants received by the Insiders does not exceed 25% of the Company's market capitalization.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein to, or for the account or benefit of,...