/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
The revised terms of the Offering provide for the issuance of up to 2,000,000 units (each, a "Unit") at a price of
In addition, the revised terms of the Offering provide that
All securities issued in the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.
The Company intends to use the proceeds from the Offering for prospect generation, company building and general working capital.
None of the securities sold in connection with the Offering will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
Zimtu trades on the Exchange under the symbol "ZC" and the
On Behalf of the Board of Directors
President & Director
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 company will successfully raise
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; 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).
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