on Zimtu Capital Corp. (isin : CA9895892052)
Zimtu Capital Corp. Acquires Stake in Xander Resources
Zimtu Capital Corp. (TSXv:ZC) announced the acquisition of 1,315,790 units of Xander Resources Inc. Each unit comprises one common share and one share purchase warrant, priced at $0.19 per unit. The warrants allow purchase of one additional share at $0.25 within three years. This private placement increases Zimtu's stake in Xander to 16.6% on an undiluted basis and 28.5% on a partially diluted basis.
Prior to this acquisition, Zimtu held no securities in Xander. The investment is cited for capital appreciation. Depending on conditions, Zimtu may adjust its securities in Xander. This transaction complies with National Instrument 62-103 and 62-104 requirements.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Zimtu Capital Corp. news