Welcome to our dedicated page for Zimtu Cap news (Ticker: ZTMUF), a resource for investors and traders seeking the latest updates and insights on Zimtu Cap stock.
Zimtu Capital Corp. (ZTMUF) is a public investment issuer whose news flow reflects its activities in mineral exploration, mining and related capital markets. Company news releases describe Zimtu’s involvement with projects and issuers in areas such as copper-focused mineral properties, option agreements, property sales and equity investments, as well as its listings on the TSX Venture Exchange ("ZC") and Frankfurt Stock Exchange ("ZCT1").
Investors following Zimtu Capital Corp. news can expect updates on mineral property transactions, including definitive agreements and closings for projects like the Copperline and Crystal Lake Copper properties in British Columbia, and the Monument Peak copper-silver property in Lemhi County, Idaho. These announcements often outline cash and share consideration, net smelter returns royalties, and potential milestone or bonus payments tied to exploration results or economic assessments.
The company also issues news about its capital-raising and corporate actions, such as non-brokered private placements, warrant exercise incentive programs and their subsequent completion, as well as grants of stock options and restricted share units under its equity incentive plan. Disclosures may include use of proceeds, terms of warrants, and related party participation under Canadian securities rules.
In addition, Zimtu’s news can cover investment positions and services, including early warning reports related to share and warrant holdings in other issuers, and agreements to provide its ZimtuADVANTAGE marketing program to exploration companies. For readers tracking ZTMUF, this news page offers a centralized view of the company’s property deals, investment activities and capital markets transactions over time.
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Zimtu Capital Corp. has entered into a one-year agreement with Interra Copper Corp., resulting in an immediate payment of $150,000 for the ZimtuADVANTAGE program. This program aims to enhance the public company experience for clients through various services including lead generation, digital marketing campaigns, and social media distribution. Zimtu is focused on providing valuable resources and support to facilitate the growth of its clients in the mining sector. Interra Copper, an exploration and development company, is engaged in advancing its strategic mining projects in Chile and British Columbia. The deal supports Zimtu's goal of achieving long-term capital appreciation for its shareholders as it collaborates with promising companies in the mining industry.
Zimtu Capital Corp. announced a non-brokered private placement offering of up to 18,750,000 units at $0.08 per unit, aiming for gross proceeds of $1,500,000. Each unit consists of one common share and a non-transferable share purchase warrant, allowing the purchase of additional shares at $0.10 for three years. The offering is set to close by April 12, 2023, subject to TSX Venture Exchange approval. Proceeds are primarily earmarked for investments in oil & gas and mineral exploration. The offering is available to existing shareholders as of March 13, 2023.
Zimtu Capital Corp. announced that its portfolio company, Eagle Bay Resources Corp., is set to begin trading under the symbol CSE: EBR following the Canadian Securities Exchange's conditional approval. The trading is scheduled to commence on March 15, 2023. Zimtu Capital holds 20,500,000 common shares of Eagle Bay, which currently has 52,854,526 common shares issued and outstanding. David Hodge, CEO of Eagle Bay, expressed enthusiasm about the listing, highlighting a robust portfolio of rare earth and niobium exploration properties amid growing industry activity.
Zimtu Capital Corp. has entered into an agreement with Strata Geodata Services Ltd. to sell six mineral claims in the Harrison Lake area for $20,000 cash and 100,000 shares from a private company. The Doctors Point claims will be sold in installments, with $5,000 due immediately and three quarterly payments of $5,000. The claims feature mineralization styles including gold and silver-hosting quartz veins. Historical drilling results indicate significant potential, showing grades of up to 361 gpt gold and 1,328 gpt silver. This transaction signifies Zimtu's ongoing strategy to leverage its mineral claims for shareholder value.
Zimtu Capital Corp. (TSXV:ZC) announced the granting of 2,684,176 stock options to directors, officers, and consultants under its Equity Incentive Plan. Each option is exercisable at $0.105 per common share for a period of 2 years.
The company aims for long-term capital appreciation for its shareholders, operating in sectors like mineral exploration, mining, technology, and life sciences. The press release emphasizes potential risks including fluctuations in commodity prices, changes in economic conditions, and geopolitical risks that may impact business performance.
Zimtu Capital Corp. has successfully closed its non-brokered private placement offering, issuing 12,142,778 Units at $0.07 each, resulting in gross proceeds of $849,994.46. Each Unit includes one common share and one non-transferable share purchase warrant, exercisable at $0.09 per share for five years. The proceeds will be allocated for general and administrative expenses, audit costs, and investment commitments. The securities are under a statutory hold period until June 22, 2023. Zimtu aims for long-term capital appreciation for shareholders and operates in sectors including mineral exploration and technology.
Zimtu Capital Corp. has entered an agreement with Grizzly Discoveries Inc. to sell ten mineral claims in the Beaverdell area, Southeast British Columbia, for $7,500 in cash and 75,000 common shares of Grizzly. The Beaverdell claims, previously acquired from the estate of David Heyman, contain historical polymetallic showings, with significant past production of silver, zinc, and lead. The transaction is subject to TSX Venture Exchange approval. President David Hodge expressed optimism for future transactions to expand Zimtu's mineral claim inventory, emphasizing their extensive holdings across various minerals.
Zimtu Capital Corp. has announced a reduction in its proposed non-brokered private placement offering from 14,285,714 units to 12,142,857 units priced at $0.07 each, aiming to raise gross proceeds of up to $850,000. This adjustment follows the original plan to raise $1,000,000, with the proceeds allocated mainly for general and administrative expenses and certain investments. The offering requires approval from the TSX Venture Exchange and is expected to close on or after February 20, 2023. All subscribers will be accredited investors and the resulting securities will be subject to a four-month hold period.
Zimtu Capital Corp. has signed a contract with Rockland Resources for its ZimtuADVANTAGE marketing program, receiving $65,000 for three months of services including coverage from Rockstone Research and participation in the 2022 Zimtu European Road Trip. This initiative aims to enhance Zimtu's presence in European investment markets, connecting with investors in cities like Geneva and Munich. The ZimtuADVANTAGE program offers clients various promotional services, including social media distribution and lead generation to support public company operations.