Business
Zimtu Capital Corp. closes first tranche of private placement
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About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\n\nVANCOUVER, June 12, 2015 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the \"Company\" or \"Zimtu\") is pleased to announce that it has closed the first tranche of its private placement first announced on April 29, 2015 and amended on June 5, 2015.  The Company issued 1,132,170 flow-through common shares (the \"FT Shares\") at a price of $0.265 per FT Share for gross proceeds of $300,025 (the \"Offering\").  \n\nThe Company paid Secutor Capital Management Corp. and Marquest Capital Markets (the \"Agents\") a cash commission of $24,876 and issued 84,908 Agent's Options, with each Agent's Option being exercisable into additional non-flow-through common shares (the \"Agent's Option Shares\") at a price of $0.265 per Agent's Option Share for a period of two years from the date of issuance.\n\nThe securities issued under the Offering, and the Agent's Option Shares that may be issuable on exercise of the Agent's Options, are subject to a statutory hold period expiring on October 13, 2015.\n\nThe proceeds of the Offering will be used for the exploration and development of resource properties. \n\nAbout Zimtu Capital Corp.Zimtu Capital Corp. is a public investment issuer that 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 project generation and advisory services helping to connect companies to properties of interest.\n\nZimtu 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.  \n\nOn Behalf of the Board of DirectorsZIMTU CAPITAL CORP.\n\n\"David Hodge\"David HodgePresident & DirectorPhone: 604.681.1568\n\nNeither the 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.\n\nStatements in this document which are not purely historical a...