VANCOUVER, Sept. 10 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)
("the Company") is pleased to announce that it has acted as a property vendor
in Weststar Resources Corp.'s (TSXv: WER) ("Weststar") acquisition of the
Silver Creek and Simonette Lithium Brine Properties in Alberta, and as a
finder in Canadian International Minerals Inc.'s (CNSX: CIN) ("CIN")
acquisition of the Deadhorse Creek Rare Earth Property in Ontario.
For its participation in the Weststar transaction, the Company will
receive 500,000 common shares and $12,500 subject to the approval of the TSX
Venture Exchange. For its participation in the CIN transaction, the Company
will receive 10% of the cash payments and share issuances over the life of the
option agreement in common shares. CIN has issued 100,000 shares to the
Company to satisfy the first year of the finder's fee agreement.
Zimtu continues to evaluate and acquire prospective resource properties
to make available for sale or joint venture. As part of the Company's
business, Zimtu provides mineral property advisory services and helps to
connect companies with mineral properties of interest.
"Zimtu has been focusing on rare and strategic metals, such as rare
earths and lithium," states David Hodge, President. "Our team continues to
identify opportunities in these sectors as well as in other sectors such as
base and precious metals. We look forward to more successful partnerships in
the future and continuing to build equity for our shareholders."
For additional information on our mineral property advisory services, and
opportunities available, contact Ryan Fletcher, Corporate Development Ph:
604.681.1568 Email: firstname.lastname@example.org
About Zimtu Capital Corp.
Zimtu Capital Corp. is a TSX Venture listed investment company that
invests in, creates, and grows natural resource companies thereby providing a
way for investors to 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.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Phone: (604) 681 1568
Fax: (604) 681 8240
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 Zimtu's receiving of shares and/or cash for its role
as vendor or finder, Zimtu's evaluation and acquiring of properties for sale
or joint venture, Zimtu providing mineral property advisory services and
assisting to connect companies with mineral properties of interest, Zimtu's
geologists continuing to identify opportunities in rare earths, lithium, base
and precious metals and the building of more successful partnerships and
equity for our shareholders.
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.
For further information:
For further information: Kevin Bottomley, Shareholder Services, Ph:
(604) 681-1568, Email: email@example.com or visit our website