Zimtu Capital Corp. Announces Closing of Warrant Exercise Incentive Program

Rhea-AI Summary

Zimtu Capital Corp (OTC:ZTMUF) completed a warrant exercise incentive program on December 1, 2025, issuing 4,359,687 incentive warrants exercisable at $0.75 until November 28, 2027.

Eligible holders exercised 4,359,687 warrants for aggregate gross proceeds of $2,090,802.65. Proceeds will be used for general working capital. Outstanding non‑exercised warrants remain on existing terms. Issued securities are subject to a four‑month plus one day hold period.

Insiders exercised 564,287 warrants; the company relied on MI 61‑101 exemptions for this related party participation.

Positive

• Gross proceeds of $2,090,802.65 received
• Issued 4,359,687 incentive warrants at $0.75

Negative

• Potential dilution of 4,359,687 common shares if exercised
• Insider participation of 564,287 warrants is a related‑party transaction

VANCOUVER, BC / ACCESS Newswire / December 1, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the "Company" or "Zimtu") is pleased to announce that, further to its news release dated October 24, 2025, the Company has completed its warrant exercise incentive program (the "Incentive Program") by issuing an aggregate 4,359,687 incentive warrants (the "Incentive Warrants") to eligible warrant holders (the "Eligible Holders") who participated in the Incentive Program. Each Incentive Warrant is exercisable into one common share of the Company at an exercise price of $0.75 per share until November 28, 2027.

The Eligible Holders exercised an aggregate of 4,359,687 warrants (the "Warrants") for total gross proceeds of $2,090,802.65 as follows:

No. of Warrants Exercised	Exercise Price	Issuance Date
1,780,817	$0.45	February 21, 2023
2,116,370	$0.50	May 1, 2023
462,500	$0.50	July 14, 2023

Any outstanding Warrants that were not exercised as part of the Incentive Program will remain outstanding and continue to be exercisable on their existing terms. The proceeds received from the exercise of the Warrants will be used by the Company for general working capital purposes.

The Incentive Warrants and the common shares issuable upon exercise of the Incentive Warrants are subject to a four month and one day hold period from the date of the issuance of the Incentive Warrants pursuant to applicable Canadian securities laws.

Certain directors and officers of the Company (the "Insiders") exercised an aggregate 564,287 Warrants and will receive an aggregate of 564,287 Incentive Warrants, and, as a result, the participation by the Insiders in the Incentive Program constitute a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Warrants received by the Insiders does not exceed 25% of the Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein to, or for the account or benefit of, persons in the United States or U.S. persons ("U.S. Persons"), as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "1933 Act"). The securities described herein have not been and will not be registered under the 1933 Act or any state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. Persons unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

About Zimtu Capital Corp.

Zimtu Capital Corp. is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information, please visit https://www.zimtu.com.

On Behalf of the Board of Directors

ZIMTU CAPITAL CORP.

"Sean Charland"
Sean Charland
President & Director
Phone: 604.681.1568

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 NEWS RELEASE.

SOURCE: Zimtu Capital Corp.

View the original press release on ACCESS Newswire

FAQ

What did Zimtu Capital (ZTMUF) announce on December 1, 2025?

Zimtu completed a warrant exercise incentive program issuing 4,359,687 incentive warrants and raised $2,090,802.65 in gross proceeds.

How many incentive warrants did ZTMUF issue and at what price?

The company issued 4,359,687 incentive warrants, each exercisable at $0.75 until November 28, 2027.

How will Zimtu use the proceeds from the warrant exercises?

Proceeds of $2,090,802.65 will be used for general working capital purposes.

Did Zimtu insiders participate in the ZTMUF incentive program?

Yes; insiders exercised 564,287 warrants and received the same number of incentive warrants, treated as a related‑party transaction.

Are the incentive warrants issued by Zimtu immediately tradable?

No; the incentive warrants and underlying shares are subject to a four‑month plus one day hold period under Canadian securities laws.

What happens to outstanding Zimtu warrants not exercised in the program?

Any outstanding warrants not exercised remain outstanding and continue on their existing terms.