VANCOUVER, Nov. 26, 2014 /CNW/ - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that it has acquired 10,000,000 common shares of Electra Gold Ltd. at a deemed price of $0.0507 per share for a debt settlement transaction on October 10, 2014. Following this transaction, Zimtu holds a total of 10,314,500 common shares or 27.13% of the current 38,013,670 issued and outstanding common shares.
These securities were acquired for investment purposes only, Zimtu intends to evaluate the investment and to increase or decrease holdings as circumstances warrant.
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". For more information visit 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.
SOURCE: Zimtu Capital Corp.
For further information: David Hodge, President & Director, Phone: 604.681.1568