VANCOUVER, May 26, 2014 /CNW/ - Zimtu Capital Corp. (TSXv:
ZC; FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce
that the Company and one of its prospecting partners are party to
an agreement with Strike Graphite Corp. (TSXv: SRK) ("Strike
Graphite") whereby Strike Graphite can earn an 80%-interest in
approximately 1.25 million acres of mineral claims located within
east-central Saskatchewan. The
claims are located in the emerging diamond district established by
the recent discovery of diamondiferous kimberlite within the Pikoo
Property by North Arrow Minerals Inc. and Stornoway Diamond
Corp.
For its participation in the transaction, Zimtu
will receive from Strike Graphite 1,000,000 common shares at a
deemed value of $0.05 per common
share and 200,000 non-transferable common share purchase warrants
at $0.25 per common share for a three
year period. In addition, Zimtu will retain a Royalty
Interest of 0.265% of Gross Revenue and will be granted a carried
working interest in the property.
As part of Zimtu's business, the Company
provides mineral property project generation and advisory services
and helps to connect companies with mineral properties of
interest.
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.
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 Strike Graphite can earn an 80%-interest in
the mineral claims located in Saskatchewan, Canada; that in consideration
for its interest, Zimtu will receive a share payment from Strike
Graphite, and that Zimtu will retain a royalty on the
Properties.
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.