|December 06, 2012|
Zimtu Capital Corp. Announces Investment in Montan Capital Corp.
|Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that it acquired ownership of 1,000,000 common shares of Montan Capital Corp. ("Montan") through a private placement transaction, representing approximately 12.5% of the total 8,000,000 issued and outstanding common shares of Montan as of December 5, 2012.|
Montan is a Capital Pool Company as defined by the policies of the TSX Venture Exchange (the "Exchange"). It is expected that Montan will commence trading on the Exchange under the symbol "MO.P" on Friday December 7, 2012. Montan is evaluating potential Qualifying Transactions in the Mining and Metals space. The directors and officers of Montan are as follows:
Ryan Fletcher - President, CEO, CFO, Secretary, and Director
Mr. Ryan Fletcher has served as President, Chief Executive Officer, Chief Financial Officer, Secretary and a Director of the Company since August 16, 2011. Mr. Fletcher is currently a Director of Zimtu Capital Corp. Mr. Fletcher joined Zimtu in 2009 as Manager Corporate Development and has been responsible for identifying and sourcing projects, structuring companies and investments, marketing group companies, capital raising and business development. Mr. Fletcher is a graduate of the University of British Columbia Okanagan with a Bachelor of Arts degree in Economics. Prior to joining Zimtu, Mr. Fletcher worked as a consultant for publicly-listed mineral exploration and development companies.
Michel Robert - Director
Mr. Michel Robert has served as a Director of the Company since August 16, 2011. Mr. Robert has over 34 years of professional experience in the mining industry. He previously served as Senior Vice President for Pan American Silver Corp. from 1995 to 2001. More recently, Mr. Robert was Vice President of Quinto Mining Corp. which was acquired by Consolidated Thompson Iron Mines Ltd. Mr. Robert is currently a director of Critical Elements Corp.
Ian Graham - Director
Mr. Ian Graham has served as a Director of the Company since August 16, 2011. Mr. Graham is formerly Chief Geologist with Rio Tinto Exploration from March 2006 until January 2009 and also consults to Western Potash Corp. as Evaluation and Project Development. Mr. Graham is a director at Commerce Resources Corp., and President and Director of Discovery Harbour Resources Corp., a private mineral exploration company.
Alfredo Ferrero - Director
Mr. Alfredo Ferrero has served as a Director of the Company since August 16, 2011. Mr. Ferrero is a partner at Navarro, Ferrero & Pazos Abogados law firm in Lima Peru. From 2003 to 2006 Mr. Ferrero was Peru's Minister of Foreign Trade and Tourism. Mr. Ferrero has a master's degree from Harvard University School of Law. From 2008 to 2012, Mr. Ferrero was a board member of Empresa de Distribución Eléctrica de Lima Norte S.A.A. (also known as Edelnor), a company listed on the Lima Exchange. From 2008 to 2012, Mr. Ferrero was a board member of Corporación PECSA, a private company registered in Peru. Mr. Ferrero was Chairman of the Board of Lima Cargo City, a private company registered in Peru, and since 2009 he has been Vice-Chairman.
This transaction was made for investment purposes and Zimtu could increase or decrease its investment in Montan depending on market conditions or any other relevant factor.
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 it is expected that Montan will commence trading on the Exchange under the symbol "MO.P" on Friday December 7, 2012.
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.
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