VANCOUVER, July 26, 2012 /CNW/ - Zimtu Capital Corp. (TSXV: ZC) (FSE:
ZCT1) (the "Company" or "Zimtu") is pleased to announce that regulatory
approval has been received for the acquisition by Pacific Potash Corp.
(TSXv: PP) ("Pacific Potash") of all of the issued and outstanding
securities of Moonraker Acquisition Corp. ("Moonraker"); one of Zimtu's
equity holdings. Moonraker holds an option to acquire an 80% interest
in the Amazonas Potash Basin claims of Western Potash Corp. (TSX: WPX).
Zimtu's participation in the Moonraker transaction is consistent with
the Company's strategy of making early-stage resource investments as
well as incubating companies to build value for shareholders. For its
participation in the transaction, Zimtu will receive 2,500,000 common
shares of Pacific Potash in exchange for the same number of shares in
About Zimtu Capital Corp.
Zimtu Capital Corp. invests in, creates and grows natural resource
companies thereby providing a way for shareholders to indirectly
participate and profit in the public company building process. The
Company also provides mineral property advisory services helping to
connect companies to properties of interest.
Zimtu Capital trades on the TSX Venture Exchange under the symbol "ZC"
and the Frankfurt Stock Exchange under the symbol "ZCT1." For more
information, visit the corporate website at http://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are
forward-looking statements, including any statements regarding beliefs,
plans, expectations or intentions regarding the future.
Forward-looking statements in this news release include that Zimtu will
receive 2,500,000 common shares of Pacific Potash in consideration for
its interest in Moonraker as well as that Zimtu will continue to
evaluate and acquire prospective resource properties to make available
for sale or joint venture.
It is important to note that actual outcomes and the Company's actual
results could differ materially from those in such forward-looking
statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental,
environmental and technological factors that may affect the Company's
operations, markets, products and prices. Readers should refer to the
risk disclosures outlined in the Company's Management Discussion and
Analysis of its audited financial statements filed with the British
Columbia Securities Commission.
SOURCE: Zimtu Capital Corp.
For further information:
For more information, visit the corporate website at http://www.zimtu.com.
President & Director