Zimtu Capital Corp. announces private placement

VANCOUVER , Nov. 25 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company") is pleased to announce a private placement of up to 850,000 units at a price of $1.20 per unit for gross proceeds of $1,020,000 .

Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase one additional common share of the Company for two years, at a price of $1.50 per share in the first year and at a price of $2.40 per share in the second year. The securities issued will be subject to a four-month hold period.

The offering is subject to the approval of the TSX Venture Exchange (the "TSX") and a finder's fee may be payable in accordance with the policies of the TSX.

The proceeds of the private placement will be used to advance the Company's continued investment business plan and for general working capital.

    
    About Zimtu Capital Corp.
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Zimtu Capital Corp. is a TSX Venture listed investment company that invests in, creates, and grows natural resource companies thereby providing a way for investors to participate and profit in the public company building process. The Company also provides mineral property advisory services helping to connect companies to properties of interest.

    
    On Behalf of the Board of Directors
    ZIMTU CAPITAL CORP.

    "David Hodge"
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    David Hodge
    President & Director
    Phone: [phone]

    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.
    

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 that the private placement is subject to the approval of the TSX, that a finder's fee may be payable and that the proceeds of the private placement will be used towards the Company's investment business plan and general working capital.

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. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

For further information: Kevin Bottomley, Shareholder Services, Phone: [phone], Email: [email protected], Website: http://www.zimtu.com