Business
Zimtu Capital acquires securities of Trivello Energy Corp.
Zimtu Capital acquires securities of Trivello Energy Corp.
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Jun. 10, 2010 (Canada NewsWire Group) -- Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that pursuant to a private placement transaction it has acquired 1,030,000 common shares ("Common Shares") and 1,030,000 common share purchase warrants (the "Warrants") of Trivello Energy Corp. (TSXv: TRV) (FSE: T6U1) ("Trivello"). Each Warrant entitles the holder to acquire one common share of Trivello at a price of $0.10 until June 8, 2012. The Common Shares are in addition to the 1,000,000 common shares Zimtu acquired in connection with the Tom Mine Property transaction that was recently completed with Trivello.\nZimtu now holds an aggregate of 4,883,000 common shares of Trivello, which is equal to 19.90% of Trivello's issued and outstanding share capital as at June 8, 2010. In the event that all of Trivello's warrants are fully exercised, Zimtu will hold a total of 6,413,000 common shares of Trivello, or approximately 17.83% of the issued and outstanding common shares.\nZimtu's investment in Trivello is consistent with the Company's strategy of making early stage resource investments as well as creating and incubating companies to build value for our shareholders. As a major shareholder, Zimtu will contribute to the reformation and future growth and development of Trivello.\n\n\n >\n\n\nZimtu 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.\nZimtu Capital trades on the TSX-Venture Exchange under the symbol "ZC" and the Frankfurt Stock Exchange under the symbol "ZCT1." For more information please visit the corporate website at http://www.zimtu.com or contact:\n\nZimtu is also active in social media channels. Become a fan on Facebook: http://www.facebook.com/Zimtu or follow us on Twitter: http://www.facebook.com/Zimtu to receive live updates and feeds on the company.\n\n\n >\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibili...