Zimtu Capital Corp. Announces Participation in Pacific Potash Corp.'s Acquisition of Brazilian Potash Assets
26 July 2012 - 10:00PM
PR Newswire (Canada)
VANCOUVER, July 26, 2012 /CNW/ - Zimtu Capital Corp. (the "Company"
or "Zimtu") is pleased to announce that regulatory approval has
been received for the acquisition by Pacific Potash Corp. ("Pacific
Potash") of all of the issued and outstanding securities of
Moonraker Acquisition Corp. ("Moonraker"); one of Zimtu's equity
holdings. Moonraker holds an option to acquire an 80%
interest in the Amazonas Potash Basin claims of Western Potash
Corp. . Zimtu's participation in the Moonraker transaction is
consistent with the Company's strategy of making early-stage
resource investments as well as incubating companies to build value
for shareholders. For its participation in the transaction,
Zimtu will receive 2,500,000 common shares of Pacific Potash in
exchange for the same number of shares in Moonraker held. About
Zimtu Capital Corp. Zimtu Capital Corp. invests in, creates and
grows natural resource companies thereby providing a way for
shareholders to indirectly 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." For more information, visit the corporate
website at http://www.zimtu.com. 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 that Zimtu will receive
2,500,000 common shares of Pacific Potash in consideration for its
interest in Moonraker as well as that Zimtu will continue to
evaluate and acquire prospective resource properties to make
available for sale or joint venture. 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. Zimtu Capital Corp. CONTACT: For more information,
visit the corporate websiteat http://www.zimtu.com.David
HodgePresident & DirectorPhone: 604.681.1568
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