on Zimtu Capital Corp. (isin : CA9895892052)
Zimtu Capital Corp. Announces Proposed Share Consolidation
Zimtu Capital Corp., a public investment issuer, announced a proposed consolidation of its common shares. The plan involves consolidating shares on a one-for-five basis. This move aims to reduce the total number of shares from 63,413,303 to approximately 12,682,661. The company's board believes this will enhance marketability and aid in raising funds for its business plan. The TSX Venture Exchange's approval is required for this consolidation.
The company will maintain its current name and trading symbol, with the exact date of the consolidation to be announced later. No fractional shares will be issued; eligible fractions will be rounded up. Adjustments will be made to options and warrants.
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