VANCOUVER, April 19, 2013 /CNW/ - 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*
- 3.2 million tonnes at an average grade of 32% fluorspar*
- Mineralization at surface
- 30 km strike length
- Metallurgical Testing: 97% CaF2*
- 22,500 ha (55,000 acres), 100%-owned claims
- Easy access, on Alaska Highway
in British Columbia
FLUORSPAR FACTS:
- Uses: Refrigeration, aluminum and steel smelting,
consumer products like Teflon® and GORE-TEX®, medicines, cement,
and petroleum-based fuels
- $2.4 billion/annum market
- North American Purchasers: Chemical Companies - Dupont,
Honeywell; Aluminum Producers: Rio Tinto Alcan (Kitimat)
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 tlowes@primafluorspar.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.
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.
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.
*Historical Data
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.
SOURCE Zimtu Capital Corp.