Proceeds of non-brokered deal may be used for investment opportunities
By Devika Patel
Knoxville, Tenn., April 3 - Zimtu Capital Corp. announced it plans a C$3 million non-brokered private placement of stock.
The company will sell 2.5 million common shares at C$1.20 per share. The price per share reflects a 14.29% discount to the April 2 closing share price of C$1.40.
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$3 million
|
| Units: | 2.5 million
|
| Price: | C$1.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 3
|
| Stock symbol: | TSX Venture: ZC
|
| Stock price: | C$1.40 at close April 2
|
| Market capitalization: | C$13.9 million
|
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