VANCOUVER, March 28, 2014 /CNW/ - Zimtu Capital Corp. (TSXv:
ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce
the establishment of an Advisory Board and the appointment of
Michel Robert, B.A.,
B.A.Sc.,M.A.Sc., an experienced mine developer and metallurgist,
Ian Graham, B.Sc., a project
generation and exploration geologist and Ms. Jenna Hardy, M.Sc., MBA, P.Geo., a
project management and exploration specialist, as initial
members.
"We are deeply honored to have Michel, Ian and Jenna on our
Advisory Board," said Ryan Fletcher,
Director and Corporate Development of Zimtu. "They bring broad
technical strength to the group from project conceptualization and
generation through to development and production, and will be
invaluable to the future development of the Company as well as our
associated projects and companies. They also bring an enthusiasm
for the industry, creativity and an eagerness to support new ideas,
projects and people."
Mr. Michel Robert,B.A., B.A.Sc.
(Hons),M.A.Sc. (Hons) has over 40 years of professional experience
in the mining industry. He previously served for ten years at Teck
Corporation as corporate metallurgist, lead engineer and start-up
manager. Mr. Robert was also a director of SNC, one of three
founders of Simons Mining Group (now AMEC Americas) and Senior Vice
President for Pan American Silver Corp. (TSX: PAA) from 1995 to
2001. More recently, Mr. Robert was Vice President of Quinto Mining
Corp. which was acquired by Consolidated Thompson Iron Mines for
C$150 million in 2008 for the Peppler
Lake and Lamelee iron deposits. The resources on these two
contiguous grass root projects were advanced to a level of slightly
more than one billion tonnes in the span of two seasons for less
than $8M, by Mr. Robert's team. He
has managed the commissioning and operation of numerous mines in
North and South America.
Mr. Ian Graham,B.Sc. (Hons),
Geology is an accomplished mining professional with over 20 years
of experience in the development and exploration of mineral
deposits, mostly gained with the major mining companies Rio Tinto
and Anglo American. Formerly Chief
Geologist with the Project Generation Group at Rio Tinto located in
Vancouver, Mr. Graham has been
involved with evaluation and pre-development work on several
projects in Canada and abroad
including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution
Copper (Arizona, USA), Eagle
Nickel (Michigan, USA),
Lakeview Nickel (Minnesota, USA) and Bunder Diamonds
(India). Prior to his work with
Rio Tinto, Ian held exploration geologist roles with Anglo American.
Ms. Jenna Hardy, M.Sc., MBA,
P.Geo., FGC, (Hon) FEC has over 20 years of professional experience
in the mining industry consulting for public and private companies
by assisting with environmental/regulatory and operational
development plans. From 1993-2004, Ms. Hardy worked for Pan
American Silver Corp. (TSX: PAA) as corporate Manager of Health,
Safety and Environmental issues. In this position, she gained
valuable experience dealing with environmental and social issues
during the development of mines in North and South America. As a professional geoscientist,
she has been involved in corporate development, investor relations,
regulatory and permitting issues, implementation and
monitoring of environmental action plans and procedures, as
well as environmental impact assessment, and project
coordination for teams involved in feasibility level
assessments.
The Company also announces that it has granted a total of
1,000,000 incentive stock options to insiders, management,
employees, consultants and members of the Advisory Board. Subject
to the approval of the TSX Venture Exchange, each stock option is
exercisable into one common share of the Company, for a period of
five years from the date of grant, at a price of $0.50 per share. Of the 1,000,000 incentive
options allotted, 500,000 are to be issued to insiders of the
Company.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a
public investment issuer that 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 project
generation and 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.
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.
SOURCE Zimtu Capital Corp.