Zimtu Capital Corp. Announces Investment in Pacific Potash Corp. Acquisition of Brazilian Potash Projects
26. July 2012. Zimtu Capital Corp. (TSX-V: ZC; FSE: ZCT1) ("Zimtu" or the "Company") is pleased to announce that it has received regulatory approval to acquire all issued and outstanding securities of Moonraker Acquisition Corp. ("Moonraker"), of which Zimtu owns stock, through Pacific Potash Corp. (TSX-V: PP) ("Pacific Potash"). Moonraker has an option to acquire up to 80% of the Amazon Potash Basin claims of Western Potash Corp. (TSX: WPX).
Zimtu's involvement in the Moonraker transaction is in line with the Company's strategy to make early stage resource investments and to further develop companies to increase shareholder value. For its participation in the transaction, Zimtu 2.500.000 will receive common shares of Pacific Potash for the same number of Moonraker shares.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a company that invests in or creates and expands commodity companies, offering shareholders the opportunity to indirectly participate in and benefit from the development of listed companies. The company also provides mineral concession advisory services and helps companies find interesting properties.
Zimtu Capital is listed on the TSX Venture Exchange under the symbol "ZC" and on the Frankfurt Stock Exchange under the symbol "ZCT1". For more information, visit the company's website at http://www.zimtu.com or via:
For the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
David Hodge
President & Director
Tel: 604.681.1568
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement.
Statements in this document, which are not purely historical in nature, are forward-looking statements and also statements that relate to assumptions, plans, expectations or intentions for the future.
Forward-looking statements in this news release include Olympic's acquisition of an 100% interest in the Flora Lake Graphite Property; that Zimtu will receive staggered cash and share payments from Olympic for its participation in the transaction; that Zimtus Partner will receive appropriate cash and equity compensation; that the vendors share a 2% NMR fee for the properties from which Olympic may acquire $ 1% (half) for 1; that Olympic intends to conduct an exploration program on the Flora Lake Property, which will initially include the full coverage of historical geological works, and then surface work, trenching and diamond drilling; and that Zimtu, through its exploration partners, will continue the sale or joint venture valuation and acquisition of prospective mineral properties.
It should be noted that the actual results of the Company may differ materially from those expressed in such forward-looking statements. The risks and uncertainties include, without limitation, economic, competitive, regulatory, environmental and technological factors that could affect the Company's operations, markets, products and prices. Readers are advised to read the risk notices described in the Management Discussion and Analysis of the Company's audited financial reports to the British Columbia Securities Commission.
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