VANCOUVER, March 28, 2014 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce the establishment of an Advisory Board and the appointment of Michel Robert, B.A., B.A.Sc.,M.A.Sc., an experienced mine developer and metallurgist, Ian Graham, B.Sc., a project generation and exploration geologist and Ms. Jenna Hardy, M.Sc., MBA, P.Geo., a project management and exploration specialist, as initial members.
"We are deeply honored to have Michel, Ian and Jenna on our Advisory Board," said Ryan Fletcher, Director and Corporate Development of Zimtu. "They bring broad technical strength to the group from project conceptualization and generation through to development and production, and will be invaluable to the future development of the Company as well as our associated projects and companies. They also bring an enthusiasm for the industry, creativity and an eagerness to support new ideas, projects and people."
Mr. Michel Robert,B.A., B.A.Sc. (Hons),M.A.Sc. (Hons) has over 40 years of professional experience in the mining industry. He previously served for ten years at Teck Corporation as corporate metallurgist, lead engineer and start-up manager. Mr. Robert was also a director of SNC, one of three founders of Simons Mining Group (now AMEC Americas) and Senior Vice President for Pan American Silver Corp. (TSX: PAA) from 1995 to 2001. More recently, Mr. Robert was Vice President of Quinto Mining Corp. which was acquired by Consolidated Thompson Iron Mines for C$150 million in 2008 for the Peppler Lake and Lamelee iron deposits. The resources on these two contiguous grass root projects were advanced to a level of slightly more than one billion tonnes in the span of two seasons for less than $8M, by Mr. Robert's team. He has managed the commissioning and operation of numerous mines in North and South America.
Mr. Ian Graham,B.Sc. (Hons), Geology is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American. Formerly Chief Geologist with the Project Generation Group at Rio Tinto located in Vancouver, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American.
Ms. Jenna Hardy, M.Sc., MBA, P.Geo., FGC, (Hon) FEC has over 20 years of professional experience in the mining industry consulting for public and private companies by assisting with environmental/regulatory and operational development plans. From 1993-2004, Ms. Hardy worked for Pan American Silver Corp. (TSX: PAA) as corporate Manager of Health, Safety and Environmental issues. In this position, she gained valuable experience dealing with environmental and social issues during the development of mines in North and South America. As a professional geoscientist, she has been involved in corporate development, investor relations, regulatory and permitting issues, implementation and monitoring of environmental action plans and procedures, as well as environmental impact assessment, and project coordination for teams involved in feasibility level assessments.
The Company also announces that it has granted a total of 1,000,000 incentive stock options to insiders, management, employees, consultants and members of the Advisory Board. Subject to the approval of the TSX Venture Exchange, each stock option is exercisable into one common share of the Company, for a period of five years from the date of grant, at a price of $0.50 per share. Of the 1,000,000 incentive options allotted, 500,000 are to be issued to insiders of the Company.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that 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 project generation and 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".
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.
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 please visit the corporate website at http://www.zimtu.com or contact: Matt Sroka, Corporate Communications, Tel: 604.681.1568, Email: [email protected]