Mr. Sean Charland reports
ZIMTU CAPITAL CORP. ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS
Zimtu Capital Corp. has granted a total of 1.45 million stock options and 745,000 restricted share units to certain directors, officers, employees and consultants of the company.
The 1.45 million stock options are exercisable at a price of 14 cents per common share for a period of five years from the date of grant. The options will vest at a rate of 25 per cent immediately and 25 per cent every three months thereafter, until fully vested.
The company has also granted 745,000 RSUs, which will vest on the date that is 12 months from the date of grant. Each RSU represents the right to receive, once vested, one common share in the capital of the company.
These grants are subject to approval by the TSX Venture Exchange and will be issued in accordance with the company's equity incentive plan.
About Zimtu Capital Corp.
Zimtu is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The company's common shares trade on the TSX Venture Exchange under the symbol ZC and in Frankfurt under the symbol ZCT1.
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