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VANCOUVER, June 12, 2015 /CNW/ - Zimtu Capital Corp. (TSXv:
ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to
announce that it has closed the first tranche of its private
placement first announced on April 29,
2015 and amended on June 5,
2015. The Company issued 1,132,170 flow-through common shares
(the "FT Shares") at a price of $0.265 per FT Share for gross proceeds of
$300,025 (the "Offering").
The Company paid Secutor Capital Management Corp. and Marquest
Capital Markets (the "Agents") a cash commission of $24,876 and issued 84,908 Agent's Options, with
each Agent's Option being exercisable into additional
non-flow-through common shares (the "Agent's Option Shares") at a
price of $0.265 per Agent's Option
Share for a period of two years from the date of issuance.
The securities issued under the Offering, and the Agent's Option
Shares that may be issuable on exercise of the Agent's Options, are
subject to a statutory hold period expiring on October 13, 2015.
The proceeds of the Offering will be used for the exploration
and development of resource properties.
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.
Zimtu Capital trades on the TSX Venture Exchange under the
symbol "ZC" and the Frankfurt Stock Exchange under the symbol
"ZCT1". For more information please visit the corporate
website at http://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
David Hodge
President & Director
Phone: 604.681.1568
Neither the 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.
Statements in this document which are not purely historical
are forward-looking statements, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Forward looking statements in this news release include the use of
proceeds of the Offering.
It is important to note that actual outcomes and the
Company's actual results could differ materially from those in such
forward-looking statements. Risks and uncertainties include, but
are not limited to, economic, competitive, governmental,
environmental and technological factors that may affect the
Company's operations, markets, products and prices; the
Exchange may not approve the Offering; there may not be interested
subscribers; the proceeds of the Offering may not be used as stated
in this press release; and that the parties may be unable to
satisfy all of the conditions to closing the Offering.
Readers should refer to the risk disclosures outlined in the
Company's Management Discussion and Analysis of its audited
financial statements and other continuous disclosure documents
filed under the Company's profile on SEDAR
(http://www.sedar.com).
SOURCE Zimtu Capital Corp.