New Issue: Zimtu Capital lifts private placement of equity units to C$1.28 million

By Devika Patel

Knoxville, Tenn., Dec. 18 - Zimtu Capital Corp. announced its private placement of units has been oversubscribed and increased to C$1.28 million. The deal priced for C$1.02 million Nov. 25.

The company will now sell 1,067,500 units at C$1.20 apiece. The units consist of one common share and one warrant, with each whole two-year warrant exercisable at C$1.50 in the first year and at C$2.40 thereafter.

Proceeds will be used to advance the company's continued investment business plan and for general working capital.

Zimtu Capital is an investment company based in Vancouver, B.C.

Issuer:	Zimtu Capital Corp.
Issue:	Units of one common share and one warrant
Amount:	C$1,281,000
Units:	1,067,500
Price:	C$1.20
Warrants:	One warrant per unit
Warrant expiration:	Three years
Warrant strike price:	C$1.50 in the first year, C$2.40 thereafter
Pricing date:	Nov. 25
Upsized:	Dec. 18
Stock symbol:	TSX Venture: ZC
Stock price:	C$1.38 at close Nov. 16
Market capitalization:	C$8.56 million

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