Business
ZIMTU CAPITAL CORP. ACQUIRES SECURITIES OF BRIXTON METALS CORP.
ZIMTU CAPITAL CORP. ACQUIRES SECURITIES OF BRIXTON METALS CORP.
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Dec. 7, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Dec. 7 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)\n (the "Company" or "Zimtu") is pleased to announce that it has acquired\n 985,000 common shares and 200,000 common share purchase warrants (the\n "Warrants") of Brixton Metals Corp. (TSXv: BBB) ("Brixton").\n\n\nEffective December 7, 2010, Brixton will commence trading on the TSX\n Venture Exchange as a Tier 2 Mining Issuer under the trading symbol\n "BBB" after completing a Qualifying Transaction ("QT") with Marksmen\n Capital Inc. ("Marksmen").\n\n\nZimtu's 985,000 common shares of Brixton is equal to 5% of Brixton's\n issued and outstanding share capital of 21,147,778.  Zimtu owned\n 277,778 common shares of Brixton Metals Corp. ("PrivateCo") which have\n been exchanged on the basis of 1.8 Marksmen ("PubCo") shares for every\n one PrivateCo share held.  The Company also purchased 200,000 Units of\n Brixton at a price of $0.25 per Unit as part of the concurrent\n financing and QT. Each Unit consisted of one common share and one share\n purchase warrant (the "Warrants").  Each Warrant is exercisable into\n one common share of Brixton at $0.40 for a period of 24 months from\n closing. \n\n\nFor its introduction which lead to the successful completion of\n Brixton's QT, Zimtu will also receive a finder's fee of 285,000 common\n ...