Business
Zimtu Capital Corp. announces mineral property transactions
Zimtu Capital Corp. announces mineral property transactions
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\nZimtu Capital Corp. announces mineral property transactions\n\n\n Sep. 10, 2009 (Baystreet.ca) -- VANCOUVER -- Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (\"the Company\") is pleased to announce that it has acted as a property vendor in Weststar Resources Corp.'s (TSXv: WER) (\"Weststar\") acquisition of the Silver Creek and Simonette Lithium Brine Properties in Alberta, and as a finder in Canadian International Minerals Inc.'s (CNSX: CIN) (\"CIN\") acquisition of the Deadhorse Creek Rare Earth Property in Ontario.\n\nFor its participation in the Weststar transaction, the Company will receive 500,000 common shares and $12,500 subject to the approval of the TSX Venture Exchange. For its participation in the CIN transaction, the Company will receive 10% of the cash payments and share issuances over the life of the option agreement in common shares. CIN has issued 100,000 shares to the Company to satisfy the first year of the finder's fee agreement. \nZimtu continues to evaluate and acquire prospective resource properties to make available for sale or joint venture. As part of the Company's business, Zimtu provides mineral property advisory services and helps to connect companies with mineral properties of interest. \n\"Zimtu has been focusing on rare and strategic metals, such as rare earths and lithium,\" states David Hodge, President. \"Our team continues to identify opportunities in these sectors as well as in other sectors such as base and precious metals. We look forward to more successful partnerships in the future and continuing to build equity for our shareholders.\" \nFor additional information on our mineral property advisory services, and opportunities available, contact Ryan Fletcher, Corporate Development Ph: 604.681.1568 Email: [email protected] \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. \n\n\nOn Behalf of the Board of Directors\nZIMTU CAPITAL CORP.\n\n\"David Hodge\"\n-------------\n\nDavid Hodge\nPresident & Director\nPhone: (604) 681 1568\nFax: (604) 681 8240\nEmail: [email protected]\n\nNeither TSX Venture...