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Zimtu Capital Corp (2)
Symbol ZC
Shares Issued 16,506,483
Close 2019-04-02 C$ 0.28
Market Cap C$ 4,621,815
Recent Sedar Documents

Zimtu, Hodge increase holdings to 13.22 million shares

2019-04-03 01:46 ET - News Release

Mr. David Hodge reports

ZIMTU CAPITAL CORP. FILES EARLY WARNING REPORT FOR CONTROL BLOCK ACQUISITION

Zimtu Capital Corp. has filed an early warning report triggered by the separate acquisition on the market of common shares of Saville Resources Inc. by David Hodge (a joint actor as defined herein) on Dec. 5, 2018, and the definition and deeming provisions of the Securities Act (British Columbia) with respect to persons deemed to be acting jointly or in concert.

Prior to the arrangement, Zimtu directly owned and controlled:

  • 6,671,000 shares, which represent 10.52 per cent of the issued and outstanding shares of Saville;
  • Two million warrants to purchase shares, which, upon exercise, would increase Zimtu's shareholdings to 13.25 per cent of the issued and outstanding shares of Saville on a partially diluted basis.

Prior to the arrangement, Mr. Hodge:

  • Directly owned and controlled 2,471,400 shares and indirectly controlled 3,493,667 shares registered to his spouse, Deborah Hodge, representing a total of 9.40 per cent of the issued and outstanding shares of the company;
  • Directly owned and controlled one million warrants and indirectly controlled 2,666,667 warrants registered to his spouse, Ms. Hodge, which, upon exercise, would increase the shareholdings of the joint holders to 14.36 per cent of the issued and outstanding shares of Saville on a partially diluted basis.

After the arrangement, Zimtu, together with Mr. Hodge and Ms. Hodge, owned and controlled 13,220,067 shares and 5,666,667 warrants, or 20.85 per cent of the issued and outstanding shares of Saville and 27.34 per cent on a partially diluted basis.

Pursuant to the arrangement and depending on market conditions and other factors, Zimtu, Mr. Hodge and Ms. Hodge may acquire or dispose of shares or warrants of Saville as the joint actors may deem appropriate, whether in the open market, in privately negotiated transactions or otherwise.

This news release is issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters.

A copy of this early warning report has been filed with Saville's documents on the SEDAR website.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that invests in, creates and builds up natural resource companies. The company also provides mineral property project generation and advisory services, helping to connect companies to properties of interest.

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