https://stockhouse.com/news/press-releases/2022/01/10/zimtu-capital-corp-announces-private-placement VANCOUVER, BC / ACCESSWIRE / January 10, 2022 /Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the "Company" or "Zimtu") announces a non-brokered private placement offering (the "Private Placement") of up to 3,750,000 units (the "Units") at a price of $0.20 per Unit, for gross proceeds of up to $750,000. Each Unit will be comprised of one common share in the capital of the Company (each, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share in the capital of the Company (each, a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.30.
Finder's fees or brokers' commissions may be paid in accordance with TSX Venture Exchange ("TSXV") policies.
All securities will be subject to a four-month hold period from the closing date. The Private Placement is subject to TSXV approval.
The Company intends to use the proceeds from the Private Placement for working capital in its company creation process.