|July 26, 2012|
Zimtu Capital Corp. Announces Participation in Pacific Potash Corp.'s Acquisition of Brazilian Potash Assets
|Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that regulatory approval has been received for the acquisition by Pacific Potash Corp. (TSXv: PP) ("Pacific Potash") of all of the issued and outstanding securities of Moonraker Acquisition Corp. ("Moonraker"); one of Zimtu's equity holdings. Moonraker holds an option to acquire an 80% interest in the Amazonas Potash Basin claims of Western Potash Corp. (TSX: WPX).|
Zimtu's participation in the Moonraker transaction is consistent with the Company's strategy of making early-stage resource investments as well as incubating companies to build value for shareholders. For its participation in the transaction, Zimtu will receive 2,500,000 common shares of Pacific Potash in exchange for the same number of shares in Moonraker held.
About Zimtu Capital Corp.
Zimtu Capital Corp. invests in, creates and grows natural resource companies thereby providing a way for shareholders to indirectly 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.
Zimtu Capital trades on the TSX Venture Exchange under the symbol "ZC" and the Frankfurt Stock Exchange under the symbol "ZCT1".
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
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.
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 that Zimtu will receive 2,500,000 common shares of Pacific Potash in consideration for its interest in Moonraker as well as that Zimtu will continue to evaluate and acquire prospective resource properties to make available for sale or joint venture.
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: Wed Aug 15, 2012, Zimtu Capital Corp. Announces Transaction with Olympic Resources Ltd. for McWhirter Lake Graphite Property in Ontario
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