Proceeds of non-brokered deal may be used for investment opportunities
By Devika Patel
Knoxville, Tenn., Nov. 4 - Zimtu Capital Corp. announced it completed a non-brokered private placement of stock.
The company sold 1,706,643 common shares at C$1.20 per share for C$2.05 million. The price per share reflects an 18.92% discount to the Nov. 3 closing share price of C$1.48.
Proceeds will be used for investment opportunities and general working capital.
Zimtu Capital is an investment company based in Vancouver, B.C.
| Issuer: | Zimtu Capital Corp.
|
| Issue: | Common stock
|
| Amount: | C$2,047,973
|
| Units: | 1,706,643
|
| Price: | C$1.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 4
|
| Stock symbol: | TSX Venture: ZC
|
| Stock price: | C$1.48 at close Nov. 3
|
| Market capitalization: | C$11.13 million
|
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