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Zimtu Capital Corp.

Suite 1450 - 789 West Pender St.
Vancouver, BC V6C 1H2
Phone: 604.681.1568
Fax: 604.681.8240
Toll Free: 1.877.377.6222
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News Releases

 October 10, 2018
Zimtu Capital Corp. Invests in Saville Resources Inc. and Files Related Early Warning Report

 Zimtu Capital Corp. ("Zimtu" or the "Company"), announces that its has acquired, through private placement, 6,000,000 units (the "Units") of Saville Resources Inc. ("Saville"). The Units are comprised of 6,000,000 common shares and 6,000,000 share purchase warrants issued at a price of $0.05 per Unit. Each warrant entitles the holder to purchase one additional share at a price of $0.10 per share within 2 years from closing.

Prior to the issuance of the units, Zimtu held 671,000 common shares of Saville. After the private placement, Zimtu holds 6,671,000 common shares and 6,000,000 share purchase warrants representing 12.6% of the outstanding shares on a partially diluted basis.

Zimtu acquired the shares and warrants for investment purposes. Depending on market conditions and other factors, Zimtu may acquire additional shares of Saville as Zimtu may deem appropriate, whether in open market purchases, privately negotiated transactions or otherwise. Zimtu may dispose of some or all of such shares or warrants.

This news release is issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also require a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of this Early Warning Report has been filed with Saville's documents on the SEDAR website at www.sedar.com.

About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural resource companies. The Company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.


On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

"Dave Hodge"
President & Director
Tel: 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.
 
 

You can view the Next News Releases item: Thu Oct 25, 2018, Zimtu Capital Corp. Announces Contract with 92 Resources Corp.

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