Business
ZIMTU CAPITAL CORP. ANNOUNCES INVOLVEMENT IN GOLD PROPERTY TRANSACTION
ZIMTU CAPITAL CORP. ANNOUNCES INVOLVEMENT IN GOLD PROPERTY TRANSACTION
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Nov. 8, 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, Nov. 8 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)\n (the "Company" or "Zimtu") is pleased to announce its involvement in\n Open Gold Corp's (TSXv: OPG) ("Open Gold") acquisition of the Eholt\n Gold Property located in southern British Columbia.\n\n\nOpen Gold acquired the Eholt Property by way of a share exchange with\n the shareholders of the private company Knob Hill Silver Inc. ("Knob\n Hill") which held a 100-per-cent interest in the Eholt Property.  Open\n Gold issued a total of five million common shares to acquire all of the\n issued shares of Knob Hill.  The acquisition was Open Gold's Qualifying\n Transaction.  Open Gold has commenced trading today, November 8, 2010,\n on the TSX Venture Exchange under the trading symbol "OPG."\n\n\nZimtu owned 375,000 common shares of Knob Hill which have been exchanged\n for Open Gold shares.  The Company will also receive 425,000 common\n shares as a finder's fee for bringing Knob Hill and Open Gold\n together.  Zimtu's total share position in Open Gold will be 800,000\n common shares.  Both the shares issued in respect of the acquisition of\n Knob Hill by Open Gold and issued as a finder's fee will be subject to\n a hold period expiring on March 6, 2011.\n\n\nThe Eholt Property is a large gold exploration property located in the\n Greenwood-Grand Forks area of southern B...