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Zimtu Capital buying at Zinc8 Energy Solutions (C:ZAIR)

Updated Friday Sep 11, 2020 03:04 AM EDT

Zimtu Capital Corp., a 10% Holder, acquired 1,912,500 Common Shares on a direct ownership basis at a price of $0.160 through a prospectus or prospectus exempt offering on September 4th, 2020. The insider also acquired 1,912,500 Warrants on a direct ownership basis with an exercise price of $0.160 for 24 months. This represents a $306,000 investment into the company's shares and an account share holdings change of 30.6%.

Zinc8 Energy Solutions is in the Electrical Components & Equipment Sub Industry Group under the Industrials Sector.

Zinc8 Energy Solutions Inc., formerly MGX Renewables Inc., is a Canada-based company, which is engaged in the development and commercialization of a dependable renewable energy sources. The Company's flow battery technology uses zinc and air as fuel. Its flow battery technology has various applications, including renewables firming, remote sites, small communities, essential services support and commercial and industrial backup. Its modular energy storage system delivers power in the range of 20 kilo watts to 50 megawatts. It consists of a rechargeable zinc-air fuel cell technology, through which it supports a range of discharge power, recharge power and duty cycle requirements. Its battery management system enables the system to be configured for various alternating current (AC)/ direct current (DC), load/source environment. Its energy storage system deals with various discharge periods by varying the size of the fuel tank.

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Go to Zinc8 Energy Solutions Inc. (ZAIR)'s company page

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