Zimtu Capital Corp. announces copper-gold porphyry property transaction with Trivello Energy Corp.
04 August 2010 - 5:01PM
PR Newswire (Canada)
VANCOUVER, Aug. 4 /CNW/ -- VANCOUVER, Aug. 4 /CNW/ - Zimtu Capital
Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased
to announce that it has acted as one of the property vendors in
Trivello Energy Corp.'s (TSXv:TRV) (FSE:T6U1) ("Trivello")
acquisition of the Day Copper-Gold Porphyry Property located in
north-central British Columbia. For its participation in the
Trivello transaction the Company will receive C$25,000 and
2,500,000 common shares subject to approval by Trivello
shareholders and the TSX Venture Exchange. The vendors will retain
a 2% Net Smelter Return ("NSR") royalty, 1% of which may be
purchased by Trivello for C$1,000,000. The Day Property is host to
significant porphyry copper-gold mineralization which was
originally discovered and later drilled by Falconbridge. The
project is located in the Toodoggone region, an area which has seen
a significant increase in mineral exploration for copper, gold, and
silver deposits in recent years. Notable porphyry projects in the
belt include: Northgate Minerals Corp.'s (TSX:NGX) Kemess South and
North Projects, Terrane Metals Corp.'s (TSXv:TRX) Mount Milligan
Project, and Serengeti Resources Inc.'s (TSXv:SIR) Kwanika Project.
Zimtu continues to evaluate and acquire prospective resource
properties to make available for sale or joint venture. As part of
the Company's business, Zimtu provides mineral property advisory
services and helps to connect companies with mineral properties of
interest. For additional information on our mineral property
advisory services, and opportunities available, contact Ryan
Fletcher, Corporate Development at 604.681.1568 or via email at
rfletcher@zimtu.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.
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. "David Hodge"
------------- David Hodge 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. Forward-looking statements in this news release include
Zimtu's receiving of shares and/or cash for its role as vendor or
finder of certain mineral properties, Zimtu's evaluation and
acquiring of properties for partnership and Zimtu's providing
mineral property advisory services and assisting to connect
companies with mineral properties of interest. 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. please visit the corporate website at
http://www.zimtu.com or contact: Kevin Bottomley, Shareholder
Services, TF: 1.877.377.6222, T: 604.681.1568, Email:
kevin@zimtu.com
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