Business
Zimtu Capital Corp. announces rare metal property transaction
Zimtu Capital Corp. announces rare metal property transaction
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Mar. 4, 2010 (Canada NewsWire Group) -- /CNW/ -- Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the \"Company\" or \"Zimtu\") is pleased to announce that it has acted as one of the property vendors in BonTerra Resources Inc's (TSXv: BTR) (\"BonTerra\") acquisition of the Terrax Rare Metal Project, located in the James Bay Mining District of northern Quebec. The property consists of 22 mineral claims covering 1,165 hectares which are immediately adjacent to the Pivert-Rose Rare Metal Property owned by First Gold Exploration Inc.For its participation in the BonTerra transaction, the Company will receive 1,000,000 common shares subject to the approval of the TSX Venture Exchange (the \"Exchange\"). The Vendors will retain a 2% Net Smelter Return (\"NSR\") royalty, 1% of which may be purchased by BonTerra for C$1,000,000.Zimtu 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.For additional information on our mineral property advisory services, and opportunities available, contact Ryan Fletcher, Corporate Development at 604.681.1568 or via email at [email protected] Zimtu Capital Corp.-------------------------Zimtu 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.On Behalf of the Board of DirectorsZIMTU CAPITAL CORP.\"David Hodge\"--------------David HodgePresident & DirectorPhone: (604) 681 1568Neither 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.Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include Zimtu's receiving of shares and/or cash for its role as vendor or finder of ce...