VANCOUVER, March 11, 2015 /CNW/ - Zimtu Capital Corp. (TSXv:
ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce
that it has acquired 3,100,000 units of Equitas Resources Corp. at
a price of $0.06 per unit through a
non-brokered private placement. Each unit consists of one common
share and one share purchase warrant exercisable at $0.10 per common share for a period of 2 years
from closing. The warrants contain restrictive language that
will not allow for the exercise of the number of warrants that
would cause Zimtu's holdings to exceed 19.9% of the issued and
outstanding capital of Equitas, without first having received TSX
Venture Exchange and disinterested shareholders approval.
Following this transaction, Zimtu holds a total of 5,600,999
common shares or 16.2% of the current 34,503,119 issued and
outstanding common shares.
These securities were acquired for investment purposes
only. Zimtu intends to evaluate the investment and to increase
or decrease holdings as circumstances warrant.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a
public investment issuer that invests in, creates and grows natural
resource companies thereby providing a way for shareholders to
indirectly participate and profit in the public company building
process. The Company also provides mineral property project
generation and advisory services helping to connect companies to
properties of interest.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
David
Hodge
President & Director
Phone: 604.681.1568
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Zimtu Capital Corp.