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VANCOUVER, June 5,
2015 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)
(the "Company" or "Zimtu") announces that further to its news
release issued April 24, 2015, it has
amended the terms of its proposed private placement.
The flow-through common shares (the "FT Shares")
will be offered at a price of $0.265
per FT Share and the units (the "Units") will be offered at a price
of $0.255 per Unit for aggregate
gross proceeds of up to $1,000,000
(the "Offering") for all securities issued. Each Unit
will consist of one non-flow-through common share (each, a "Share")
and one warrant (a "Warrant"). One Warrant will be
exercisable into one additional non-flow-through common shares of
the Company ("Warrant Shares") at a price of $0.30 per Warrant Share for a period of 24 months
from closing.
All other terms of the private placement
previously announced remain unchanged.
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 expectations of raising funds and regarding 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.