|April 19, 2013|
Zimtu Capital Corp. Announces Prima Fluorspar Corp. Commences Trading
|April 19, 2013 - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that at the open of market today one of its equity holdings Prima Fluorspar Corp. ("Prima") commenced trading on the TSX Venture Exchange under the symbol TSXv: PF. |
Zimtu currently holds 7,457,500 common shares of Prima (subject to a 36-month staged escrow release) representing approximately 27% of the total 26,761,500 issued and outstanding common shares of Prima. Zimtu has been an active supporter of Prima since its inception and will continue to support the company as it moves forward.
Prima is focused on expanding a historic fluorspar resource* at its Liard Fluorspar Property in northern British Columbia.
HIGHLIGHTS ABOUT PRIMA'S HISTORIC RESOURCE*
PRIMA MANAGEMENT TEAM
Robert Bick, President/CEO
Robert Bick is an experienced company builder. Mr. Bick is the former CEO and Executive Chairman of Evolving Gold Corp. (http://www.evolvinggold.com). He joined Evolving Gold when it had a market cap of less than $3 million, trading on the CNSX. During Robert's tenure, the market cap increased from $3 million to over $100 million. Evolving Gold raised over $50 million during that period, moved to the TSX-V and subsequently graduated to the TSX main board.
Andrew Davidson, Chief Financial Officer
Andrew Davidson provides extensive financial and public company knowledge to the team. Mr. Davidson is a Chartered Accountant with extensive experience in Canadian and international financial reporting standards. He has years of experience in public practice accounting focusing specifically on assurance for publicly listed enterprises. Mr. Davidson is also the CFO of 49 North Resources Inc. (http://www.fnr.ca/), a Canadian resource investment company headquartered in Saskatchewan. Mr. Davidson currently sits as a Director for Kimpar Resources Inc. and Allstar Energy Limited.
Sean Charland, Director
Sean Charland provides a critical marketing presence for Prima in Toronto. Mr. Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. Mr. Charland is a director of Zimtu. His network of financial community contacts extends across North America and Europe. Mr. Charland also serves as a Director of Arctic Star Exploration Corp.
Dean Nawata, Director
Dean Nawata contributes public market and capital finance depth to the team. Mr. Nawata has over 18 years of public market experience, nine of which he spent as a licensed stockbroker focusing on financing of junior mining and oil/gas projects with Nesbitt Burns, Research Capital Corporation, and Raymond James. Mr. Nawata currently holds a position in Business Development for 49 North Resources.
Jenna Hardy, Director
With over 30 years as mining industry geoscientist, Ms. Hardy supplies technical, geological expertise to the team. As a professional geoscientist, she has been involved in project coordination, regulatory and permitting issues, implementation and monitoring of environmental action plans and procedures, as well as environmental impact assessment. Ms. Hardy also serves as a Director of Commerce Resources, HFX Holdings and Argentex Mining.
For more information on Prima please visit their homepage at: http://primafluorspar.com/ or contact Tyler Lowes, Corporate Communications at 604.681.1568 or email email@example.com
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 additional information contact Matt Sroka, Shareholder Services at 604.681.1568 or email firstname.lastname@example.org.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Phone: (604) 681 1568
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.
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.
Prima Fluorspar Corp. has not undertaken an independent verification to classify the historic resource estimate quoted from a Mineral Potential Compilation Report for the BC Department of Economic Development, written by Wright Engineers Limited and H.N. Halvorson Consultants Ltd., in January 17, 1975 as a current mineral resource. Neither has Prima independently verified the results of the previous exploration work. Therefore, the historical mineral resource should not be relied upon, but the issuer believes the information to be relevant and reasonably reliable. An unknown quantity of the 3.2 million tonnes are on mineral claims outside of the current Liard Fluorspar Property. However, based on the information available, the majority of the estimate is based on the deposits located on Prima's Liard Fluorspar Property. The key assumptions, parameters and methods of the resource estimate are unknown at this time. New deposit definition drilling is needed to develop a current resource estimate on the property. Prima believes that these historical mineral resources provide a conceptual indication of the potential of the property and are relevant to ongoing exploration.
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