Business
ZIMTU CAPITAL CORP. ANNOUNCES EXERCISE OF WARRANTS
Dec. 31, 2010 (Canada NewsWire Group) -- VANCOUVER, Dec. 31 /CNW/ - Zimtu Capital Corp. (TSXv...
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Dec. 31, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Dec. 31 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)\n ("Zimtu") is pleased to announce that 408,927 share purchase warrants\n have recently been exercised at a price of $1.50 per common share for\n total proceeds of $613,391. The funds will be used for general working\n capital purposes.\n\n\nThe warrants were issued in connection with a private placement\n completed December 29, 2009. Zimtu issued 1,032,500 warrants to\n purchase one additional common share of the Company at a price of $1.50\n per share until December 29, 2010, and at a price of $2.40 per share\n until December 29, 2011. There are 623,573 warrants from the placement\n that will now be exercisable at a price of $2.40 per share until\n December 29, 2011.\n\n\n"The Company's balance sheet has been strengthened with this\n demonstration of support from our shareholders. The additional funds\n will be valuable in helping to build on the significant growth the\n company has made over the last year," stated president of Zimtu, David\n Hodge.\n\n\nAbout Zimtu Capital Corp.\nZimtu Capital Corp. invests in, creates and grows natural resource\n companies thereby providing a way for shareholders to indirectly\n participate and profit in the public company building process. Zimtu\n also provides mineral property advisory services helping to connect\n companies to properties of interest.\n\n\nZimtu Capital trades on the T...