|September 10, 2009|
Zimtu Capital Corp. Announces Mineral Property Transactions
|September 10, 2009 - 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.|
For 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.
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.
"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."
For additional information on our mineral property advisory services, and opportunities available, contact Ryan Fletcher, Corporate Development Ph: 604.681.1568 Email: firstname.lastname@example.org
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. The Company also provides mineral property advisory services helping to connect companies to properties of interest.
For more information contact Kevin Bottomley, Shareholder Services, Ph: 604.681.1568 Email: email@example.com or visit our website http://www.zimtu.com
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Phone: (604) 681 1568
Fax: (604) 681 8240
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, Zimtu's evaluation and acquiring of properties for sale or joint venture, Zimtu providing mineral property advisory services and assisting to connect companies with mineral properties of interest, Zimtu's geologists continuing to identify opportunities in rare earths, lithium, base and precious metals and the building of more successful partnerships and equity for our shareholders.
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.
You can view the Next News Releases item: Tue Sep 15, 2009, Zimtu Capital Corp. Announces Additional Lithium and Rare Earth Property Transactions
You can view the Previous News Releases item: Thu Jul 16, 2009, Zimtu Capital Corp. Acquires Securities of La Camera Mining Inc.
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