Jul. 16, 2009 (Baystreet.ca) --
VANCOUVER -- Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) ("the Company") announces that pursuant to a private placement transaction it has acquired 625,000 common shares of La Camera Mining Inc. ("La Camera") at a price of $0.40 for an aggregate subscription price of C$250,000.
La Camera is a private junior gold company operating in the Guerrero Gold Belt of central Mexico. La Camera controls a 17,000 hectare land package that is adjacent to, and in certain places surrounds, Goldcorp Inc.'s Los Filos gold mine. The Los Filos mine is currently the largest gold producer in Mexico and is expected to produce over 300,000 ounces annually by 2010.
La Camera's property hosts a historic gold resource and encompasses numerous exploration targets with multi-million ounce potential. La Camera is contemplating going into small scale production to advance its assets on an undiluted basis and is in discussions with several major mining companies regarding strategic arrangements with La Camera.
This transaction was made for investment purposes and is consistent with the Company's strategy of making early stage (pre-ipo) resource investments not normally available to the public as well as creating and incubating companies to build value for shareholders.
<< About 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.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions
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On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
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Neither 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.
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regarding the future. Forward-looking statements in this news release include La Camera's intention of going into small scale production to advance its assets as well as the possibility of strategic arrangements with several major mining companies.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
SOURCE: Zimtu Capital Corp.
David Hodge, President & Director, Phone: (604) 681-1568, Fax: (604) 681-8240, Email: dhodge@zimtu.com