Zimtu Capital Corp. Amends Terms of Private Placement

 /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 UNITED STATES./  VANCOUVER, June 17, 2014 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)  (the "Company" or "Zimtu") announces that it has revised the terms of the  private placement financing (the "Offering") it previously announced by News  Release dated April 4, 2014.  The revised terms of the Offering provide for the issuance of up to 2,000,000  units (each, a "Unit") at a price of $0.50 per Unit for gross proceeds of up  to $1,000,000. Each Unit will consist of one common share of the Company  (each, a "Share") and one non-transferable common share purchase warrant  (each, a "Warrant"), with each Warrant entitling the holder to acquire one  Share (each, a "Warrant Share") at a price of $0.75 per Warrant Share for a  period of 24 months from the closing of the Offering but subject to an  acceleration clause.  In addition, the revised terms of the Offering provide that Secutor Capital  Management Corporation ("Secutor") will not act as agent to the Offering.  Although the Offering will be non-brokered, the Company may pay a finder's  fees in accordance with the rules and policies of the TSX Venture Exchange  (the "Exchange"), consisting of: (i) a cash finder's fee equal to up to 8% of  the Units and (ii) the issuance of finder's warrants   in an amount equal to  up to 8% of the Units. Each finder's warrant shall entitle the holder to  acquire one warrant share at a price of $0.50 per warrant share for a period  of 24 months from the closing of the Offering.  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 the United States absent registration or an applicable exemption from  the registration requirements. This press release shall not constitute an  offer to sell or the solicitation of an offer to buy nor shall there be any  sale of the securities in any jurisdiction in which such offer, solicitation  or sale would be unlawful.  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 trades on the 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 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 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 company will successfully raise $1 million  dollars; finders' commissions will be payable; securities will be issuable;  expectations of management regarding use of proceeds of the Offering; closing  conditions of the Offering; the expiry of hold periods for securities  distributed pursuant to the Offering; Exchange approval of the proposed  Offering; and any other future event related to the proposed Offering.  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).    SOURCE  Zimtu Capital Corp.  For more information please visit the corporate website at  http://www.zimtu.com or contact: Matt Sroka, Corporate Communications, Tel:  604.681.1568, Email: matt@zimtu.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/17/c3983.html  CO: Zimtu Capital Corp. ST: British Columbia NI: FIN  
Press spacebar to pause and continue. Press esc to stop.