Zimtu Capital Corp. closes first tranche of private placement

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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: [phone]

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.

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