VANCOUVER, Dec. 6, 2012 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE:
ZCT1) (the "Company" or "Zimtu") is pleased to announce that it
acquired ownership of 1,000,000 common shares of Montan Capital Corp.
("Montan") through a private placement transaction, representing
approximately 12.5% of the total 8,000,000 issued and outstanding
common shares of Montan as of December 5, 2012.
Montan is a Capital Pool Company as defined by the policies of the TSX
Venture Exchange (the "Exchange"). It is expected that Montan will
commence trading on the Exchange under the symbol "MO.P" on Friday
December 7, 2012. Montan is evaluating potential Qualifying
Transactions in the Mining and Metals space. The directors and officers
of Montan are as follows:
Ryan Fletcher - President, CEO, CFO, Secretary, and Director
Mr. Ryan Fletcher has served as President, Chief Executive Officer,
Chief Financial Officer, Secretary and a Director of the Company since
August 16, 2011. Mr. Fletcher is currently a Director of Zimtu Capital
Corp. Mr. Fletcher joined Zimtu in 2009 as Manager Corporate
Development and has been responsible for identifying and sourcing
projects, structuring companies and investments, marketing group
companies, capital raising and business development. Mr. Fletcher is a
graduate of the University of British Columbia Okanagan with a Bachelor
of Arts degree in Economics. Prior to joining Zimtu, Mr. Fletcher
worked as a consultant for publicly-listed mineral exploration and
Michel Robert - Director
Mr. Michel Robert has served as a Director of the Company since August
16, 2011. Mr. Robert has over 34 years of professional experience in
the mining industry. He previously served as Senior Vice President for
Pan American Silver Corp. from 1995 to 2001. More recently, Mr. Robert
was Vice President of Quinto Mining Corp. which was acquired by
Consolidated Thompson Iron Mines Ltd. Mr. Robert is currently a
director of Critical Elements Corp.
Ian Graham - Director
Mr. Ian Graham has served as a Director of the Company since August 16,
2011. Mr. Graham is formerly Chief Geologist with Rio Tinto Exploration
from March 2006 until January 2009 and also consults to Western Potash
Corp. as Evaluation and Project Development. Mr. Graham is a director
at Commerce Resources Corp., and President and Director of Discovery
Harbour Resources Corp., a private mineral exploration company.
Alfredo Ferrero - Director
Mr. Alfredo Ferrero has served as a Director of the Company since August
16, 2011. Mr. Ferrero is a partner at Navarro, Ferrero & Pazos Abogados
law firm in Lima Peru. From 2003 to 2006 Mr. Ferrero was Peru's
Minister of Foreign Trade and Tourism. Mr. Ferrero has a master's
degree from Harvard University School of Law. From 2008 to 2012, Mr.
Ferrero was a board member of Empresa de Distribución Eléctrica de Lima
Norte S.A.A. (also known as Edelnor), a company listed on the Lima
Exchange. From 2008 to 2012, Mr. Ferrero was a board member of
Corporación PECSA, a private company registered in Peru. Mr. Ferrero
was Chairman of the Board of Lima Cargo City, a private company
registered in Peru, and since 2009 he has been Vice-Chairman.
This transaction was made for investment purposes and Zimtu could
increase or decrease its investment in Montan depending on market
conditions or any other relevant factor.
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
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Phone: (604) 681 1568
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 it is expected that Montan
will commence trading on the Exchange under the symbol "MO.P" on Friday
December 7, 2012.
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:
contact Kevin Bottomley, Shareholder Services at 604.681.1568 or email firstname.lastname@example.org