VANCOUVER, Nov. 17, 2015 /CNW/ - Zimtu Capital Corp. (TSXv:
ZC; FSE: ZCT1) (the "Company" or "Zimtu") proposes to sell a total
of up to 3,939,087 common shares of Electra Stone Ltd. ("Electra")
at a price of $0.02 or higher through
a private of sale of 1,500,000 common shares at $0.02 and the balance of up to 2,439,087 through
the facilities of the TSX Venture Exchange.
Zimtu currently owns 11,628,823 common shares of Electra Stone
Ltd. ("Electra") or 19.69% of the current issued and outstanding
capital of 59,060,463 common shares. The Zimtu management
group comprised of its directors, and officers own directly an
additional 6,154,600 common shares of Electra or 10.42% of the
issued and outstanding capital. Together Zimtu and the
management group hold a total of 17,784,423 or 30.11% of the issued
and outstanding share capital of Electra.
If Zimtu completes the proposed sale of up to 3,939,087 common
shares, its direct ownership would be 7,690,736 or 13% of the
issued and outstanding share capital of Electra, or Zimtu together
with the management group would hold 13,845,336 or 23.44% of the
issued and outstanding shares of
Electra.
These securities were acquired for investment purposes
only. Zimtu intends to evaluate the investment and to
increase or decrease holdings as circumstances warrant.
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 visit http://www.zimtu.com.
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.
SOURCE Zimtu Capital Corp.