Zimtu Capital Corp. Announces Proposed Share Consolidation
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1) has announced plans for a 5-to-1 share consolidation of its common shares. The consolidation will reduce the company's outstanding shares from 63,413,303 to approximately 12,682,661 post-consolidated shares.
The board believes this move will enhance the company's marketability as an investment and improve its position for future fundraising efforts. The consolidation requires TSX Venture Exchange approval. Zimtu will maintain its current name and trading symbol.
Shareholders entitled to fractional shares will be rounded up to the nearest whole number, with no cash compensation provided. The exercise price and number of shares for outstanding options and warrants will be proportionally adjusted following the consolidation implementation.
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1) ha annunciato un piano per una consolidazione azionaria 5-1 delle sue azioni ordinarie. La consolidazione ridurrà le azioni in circolazione da 63.413.303 a circa 12.682.661 azioni post-consolidamento.
Il consiglio ritiene che questa mossa migliorerà l'attrattività dell'azienda come investimento e rafforzerà la sua posizione per future raccolte di fondi. La consolidazione necessita dell'approvazione della TSX Venture Exchange. Zimtu manterrà il nome attuale e il simbolo di borsa.
Gli azionisti con diritto a frazioni di azioni vedranno il loro numero arrotondato per eccesso al numero intero più vicino, senza alcun compenso in denaro. Il prezzo di esercizio e il numero di azioni per opzioni e warrant in essere saranno adeguati proporzionalmente dopo l'attuazione della consolidazione.
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1) ha anunciado planes para una consolidación de acciones 5 a 1 de sus acciones comunes. La consolidación reducirá las acciones en circulación de 63,413,303 a aproximadamente 12,682,661 acciones tras la consolidación.
La junta considera que esta medida mejorará la atractividad de la empresa como inversión y fortalecerá su posición para futuras rondas de financiamiento. La consolidación requiere la aprobación de la TSX Venture Exchange. Zimtu mantendrá su nombre y símbolo bursátil actuales.
Los accionistas con derecho a acciones fraccionarias verán sus acciones redondeadas hacia arriba al número entero más cercano, sin compensación en efectivo. El precio de ejercicio y el número de acciones de las opciones y warrants vigentes se ajustarán proporcionalmente tras la implementación de la consolidación.
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1)는 5대 1 주식 병합 계획을 발표했습니다. 이번 병합으로 회사의 발행 주식 수는 63,413,303주에서 약 12,682,661주로 감소합니다.
이사회는 이번 조치가 회사의 투자 매력도를 높이고 향후 자금 조달에 유리한 위치를 확보하는 데 도움이 될 것이라고 판단합니다. 병합은 TSX 벤처 거래소의 승인을 받아야 합니다. Zimtu는 기존 이름과 거래 심볼을 유지할 예정입니다.
소수점 주식 권리가 있는 주주는 가장 가까운 정수로 올림 처리되며, 현금 보상은 제공되지 않습니다. 병합 실행 후 미행사 옵션과 워런트의 행사 가격과 주식 수는 비례하여 조정됩니다.
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1) a annoncé un projet de regroupement d’actions au ratio de 5 pour 1 de ses actions ordinaires. Ce regroupement réduira le nombre d’actions en circulation de 63 413 303 à environ 12 682 661 actions après regroupement.
Le conseil d’administration estime que cette opération améliorera l’attrait de la société en tant qu’investissement et renforcera sa position pour de futures levées de fonds. Le regroupement nécessite l’approbation de la TSX Venture Exchange. Zimtu conservera son nom actuel et son symbole boursier.
Les actionnaires ayant droit à des fractions d’actions verront leur nombre arrondi à l’entier supérieur, sans compensation en espèces. Le prix d’exercice et le nombre d’actions des options et bons de souscription en circulation seront ajustés proportionnellement après la mise en œuvre du regroupement.
Zimtu Capital Corp (TSXV:ZC)(FSE:ZCT1) hat Pläne für eine 5-zu-1-Aktienzusammenlegung seiner Stammaktien bekannt gegeben. Die Zusammenlegung wird die ausstehenden Aktien von 63.413.303 auf etwa 12.682.661 nach der Zusammenlegung reduzieren.
Der Vorstand ist der Ansicht, dass dieser Schritt die Attraktivität des Unternehmens als Investition steigert und seine Position für zukünftige Kapitalbeschaffungen verbessert. Die Zusammenlegung bedarf der Genehmigung der TSX Venture Exchange. Zimtu wird seinen aktuellen Namen und sein Börsenkürzel beibehalten.
Aktionäre, die Anspruch auf Bruchteile von Aktien haben, werden auf die nächsthöhere ganze Zahl aufgerundet, ohne dass eine Barauszahlung erfolgt. Der Ausübungspreis und die Anzahl der Aktien für ausstehende Optionen und Warrants werden nach der Umsetzung der Zusammenlegung proportional angepasst.
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VANCOUVER, BC / ACCESS Newswire / April 21, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the "Company" or "Zimtu") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one (1) new Share (each, a "Post-Consolidated Share") for every five (5) current outstanding Shares (the "Consolidation").
It is anticipated that the Consolidation will reduce the number of outstanding Shares from 63,413,303 Shares to approximately 12,682,661 Post-Consolidated Shares, subject to adjustment for rounding. The board of directors of the Company believes that the Consolidation will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan. The Consolidation is subject to approval by the TSX Venture Exchange (the "Exchange").
The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release.
No fractional Post-Consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-Consolidated Share will be rounded up to the nearest whole number of Post-Consolidated Shares and no cash consideration will be paid in respect of fractional Shares.
The exercise price and number of Shares of the Company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information, please visit https://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"Sean Charland"
Sean Charland
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 NEWS RELEASE.
Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include statements about the Consolidation, its terms, and its anticipated benefits, receipt of approval for the Consolidation from the Exchange and that the Company will complete the Consolidation. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation the Company's inability to obtain approval for the Consolidation from the Exchange, inability to complete the Consolidation for a variety of reasons, and risk that the Company may not realize the expected benefits of the Consolidation. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
SOURCE: Zimtu Capital Corp.
View the original press release on ACCESS Newswire
FAQ
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