ZC Zimtu Capital Corp

VANCOUVER, Nov. 4 /PRNewswire/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company") is pleased to announce that it has completed a non-brokered private placement of 1,706,643 common shares at a price of $1.20 per share for gross proceeds to the Company of $2,047,973.

The private placement remains subject to the final acceptance of the TSX Venture Exchange (the "TSXv") and finder's fees may be payable in accordance with the policies of the TSXv.  The securities issued will be subject to a four-month hold period.

The proceeds from the private placement will be used for investment opportunities and general working capital.

The Company also announces that it has granted a total of 250,000 incentive stock options to certain directors and officers of the Company.  Each stock option will be exercisable into one common share of the Company at a price of $1.48 per share for a period of five years.

About Zimtu Capital Corp.

Zimtu Capital Corp. 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 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." 

On Behalf of the Board of Directors

ZIMTU CAPITAL CORP.

"David Hodge"

David Hodge

President & Director

Phone: 604.681.1568

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 remains subject to the acceptance of the TSXv, 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 for 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.

SOURCE Zimtu Capital Corp.