Zimtu Cap Corp - ZTMUF STOCK NEWS

Zimtu Capital Corp. has successfully closed its non-brokered private placement offering, issuing 12,142,778 Units at $0.07 each, resulting in gross proceeds of $849,994.46. Each Unit includes one common share and one non-transferable share purchase warrant, exercisable at $0.09 per share for five years. The proceeds will be allocated for general and administrative expenses, audit costs, and investment commitments. The securities are under a statutory hold period until June 22, 2023. Zimtu aims for long-term capital appreciation for shareholders and operates in sectors including mineral exploration and technology.

Zimtu Capital Corp. has entered an agreement with Grizzly Discoveries Inc. to sell ten mineral claims in the Beaverdell area, Southeast British Columbia, for $7,500 in cash and 75,000 common shares of Grizzly. The Beaverdell claims, previously acquired from the estate of David Heyman, contain historical polymetallic showings, with significant past production of silver, zinc, and lead. The transaction is subject to TSX Venture Exchange approval. President David Hodge expressed optimism for future transactions to expand Zimtu's mineral claim inventory, emphasizing their extensive holdings across various minerals.

Zimtu Capital Corp. has announced a reduction in its proposed non-brokered private placement offering from 14,285,714 units to 12,142,857 units priced at $0.07 each, aiming to raise gross proceeds of up to $850,000. This adjustment follows the original plan to raise $1,000,000, with the proceeds allocated mainly for general and administrative expenses and certain investments. The offering requires approval from the TSX Venture Exchange and is expected to close on or after February 20, 2023. All subscribers will be accredited investors and the resulting securities will be subject to a four-month hold period.

Zimtu Capital Corp. has signed a contract with Rockland Resources for its ZimtuADVANTAGE marketing program, receiving $65,000 for three months of services including coverage from Rockstone Research and participation in the 2022 Zimtu European Road Trip. This initiative aims to enhance Zimtu's presence in European investment markets, connecting with investors in cities like Geneva and Munich. The ZimtuADVANTAGE program offers clients various promotional services, including social media distribution and lead generation to support public company operations.

Zimtu Capital Corp. is set to renew its European road trip this fall, inviting investors to meet the team in Geneva, Zurich, Frankfurt, and Munich for a series of conference events. The first event occurs on November 1, 2022, in Geneva, followed by Zurich on November 2, Frankfurt on November 3, and concludes at the Internationale Edelmetall & Rohstoffmesse in Munich on November 4-5. The trip aims to enhance company visibility and provide networking opportunities in the European market.

Zimtu Capital Corp. announced that its equity incentive plan was approved by shareholders during the annual general meeting held on July 13, 2022. The plan allows for the issuance of shares that do not exceed 20% of the company's outstanding shares as of June 6, 2022, totaling 5,239,796 common shares. This initiative aims to enhance long-term capital appreciation for its shareholders, as Zimtu operates in various sectors, including mineral exploration, technology, and life sciences.

Zimtu Capital Corp. announced that its equity holding, Zinc8 Energy Solutions, confirmed no material change after IIROC's inquiry. This follows a surge of 7,271,789 shares traded, with Zinc8's share price rising by $0.075 to $0.315 CAD. The increased trading activity is attributed to Senator Chuck Schumer's July announcement regarding a potential manufacturing facility in Ulster County, NY, for Zinc8's zinc-air energy storage system. This announcement has led to significant media coverage and positive sentiment.

Zimtu Capital Corp. announced on July 27, 2022, the acquisition of 4,302,626 common shares of Sceptre Ventures Inc., constituting 35.83% of the issued shares, through a debt settlement totaling $258,157.57. Prior to this transaction, Zimtu owned no securities of Sceptre Ventures. The company intends to hold these shares for investment purposes and may consider acquiring more or disposing of them based on market conditions.

Zimtu Capital Corp. announced the sale of four mining claims in the Wicheeda Extension to Eagle Bay Resources Corp. for a total consideration valued at $60,000. This will be paid through the issuance of 800,000 common shares of Eagle Bay, priced at $0.075 per share. The transaction is subject to approval from the TSX Venture Exchange. Zimtu aims for long-term capital appreciation, engaging in diverse sectors including mineral exploration and technology.