Brief: Robert Williamson And Talmage Adams Report Update To Discussions With Zimtu Capital
06/02/2023 16:06
Feb 6 (Reuters) - Zimtu Capital Corp ZC.V :
* TALMAGE ADAMS - ROBERT WILLIAMSON AND TALMAGE ADAMS REPORT
AN
UPDATE TO THEIR DISCUSSIONS WITH MANAGEMENT OF ZIMTU CAPITAL
CORPORATION
* TALMAGE ADAMS SAYS PROPOSE ZIMTU OFFER A MAXIMUM OF
11,111,111
UNITS AT $0.09, EACH CONSISTING OF ONE COMMON SHARE AND NO
WARRANT
* TALMAGE ADAMS SAYS PROPOSE ZIMTU EXTEND ALTERNATIVE OFFER
ONLY
TO EXISTING SHAREHOLDERS
* TALMAGE ADAMS SAYS WILLIAMSON AND ADAMS, WITH MANAGEMENT
AND
BOD, WOULD HAVE TO AGREE TO BACKSTOP OFFERING
* TALMAGE ADAMS SAYS BACKSTOP WOULD BE CONDITIONAL UPON
APPOINTMENT OF WILLIAMSON AND ADAMS AS TWO OF FOUR DIRECTORS OF
ZIMTU
* TALMAGE ADAMS SAYS ALTERNATIVE OFFERING CONSTITUTES A
SUPERIOR
OFFER FOR ZIMTU
Source text for Eikon: ID:nCNWTxL77a
Further company coverage: ZC.V
((Reuters.Briefs@thomsonreuters.com;))