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VANCOUVER, BC / ACCESS Newswire / April 1, 2025 / Zimtu Capital Corp. (TSXv:ZC)(FSE:ZCT1) ("Zimtu" or the "Company") announces that its has acquired 2,408,200 units (the "Units") of Sceptre Ventures Inc. ("Sceptre") at a price of $0.01 per Unit pursuant to a private placement offering undertaken by Sceptre (the "Offering"). The Units are comprised of 2,408,200 common shares and 2,408,200 share purchase warrants. Each warrant entitles the holder to purchase one additional share at a price of $0.05 per share within 12 months from the date of closing.
Prior to the closing of the Offering, Zimtu directly owned and controlled 3,993,100 common shares of Sceptre representing 33.25% of the issued and outstanding common shares of Sceptre on a fully diluted basis. Following closing of the Offering, Zimtu holds 6,401,300 common shares in the capital of Sceptre and 2,408,200 share purchase warrants, representing 26.65% of the issued and outstanding common shares of Sceptre, on an undiluted basis, and 33.33% of the issued and outstanding common shares of Sceptre on a partially diluted basis.
Zimtu acquired the Units for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease its ownership, control or direction over securities of Sceptre, through market transactions, private agreements or otherwise.
This acquisition by Zimtu of the 2,408,200 Units exceeded 2% of the issued and outstanding common shares of Sceptre and triggered the requirement to file this news release, which is being issued pursuant to the requirements set forth in National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and National Instrument 62-104 - Take-Over Bids and Issuer Bids. Zimtu will be filing an early warning report with respect to the acquisition of the Units containing additional information under Sceptre's SEDAR+ profile at www.sedarplus.ca.
About Zimtu Capital Corp.
Zimtu Capital Corp. 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 trades on the TSX Venture Exchange under the symbol "ZC" and Frankfurt under symbol "ZCT1". For more information, please visit https://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"Sean Charland"
President & Director
Tel: 604.681.1568