Business
ZIMTU CAPITAL CORP. COMPLETES $2 MILLION NON-BROKERED PRIVATE PLACEMENT
ZIMTU CAPITAL CORP. COMPLETES $2 MILLION NON-BROKERED PRIVATE PLACEMENT
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Nov. 4, 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, Nov. 4 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)\n (the "Company") is pleased to announce that it has completed a\n non-brokered private placement of 1,706,643 common shares at a price of\n $1.20 per share for gross proceeds to the Company of $2,047,973.\n\n\nThe private placement remains subject to the final acceptance of the TSX\n Venture Exchange (the "TSXv") and finder's fees may be payable in\n accordance with the policies of the TSXv.  The securities issued will\n be subject to a four-month hold period.\n\n\nThe proceeds from the private placement will be used for investment\n opportunities and general working capital.\n\n\nThe Company also announces that it has granted a total of 250,000\n incentive stock options to certain directors and officers of the\n Company.  Each stock option will be exercisable into one common share\n of the Company at a price of $1.48 per share for a period of five\n years.\n\n\nAbout Zimtu Capital Corp.\n\n\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. The\n Company also provides mineral property advisory services helping to\n connect companies to properties of interest.\n\n\nZimtu Capital trades on the TSX Venture Exchange under the symbol "ZC"\n and the Frankfurt Stock...