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Enter Symbol
or Name
USA
CA



Zimtu Capital Corp (2)
Symbol ZC
Shares Issued 15,394,483
Close 2016-02-26 C$ 0.175
Market Cap C$ 2,694,035
Recent Sedar Documents

Zimtu, partners to sell Hidden Lake to 92 Resources

2016-03-01 18:07 ET - News Release

Mr. David Hodge reports

ZIMTU CAPITAL CORP. ANNOUNCES TRANSACTION WITH 92 RESOURCES CORP. FOR CLAIMS IN NORTHWEST TERRITORIES, CANADA

Zimtu Capital Corp. and two of its prospecting partners have signed a property purchase agreement with 92 Resources Corp., whereby 92 Resources can acquire a 100-per-cent interest in the Hidden Lake lithium property.

For its participation in the transaction, Zimtu will receive share payments from 92 Resources as follows: (i) 500,000 upon receipt of regulatory approval; and (ii) 500,000 common shares within 12 months of regulatory approval.

The Hidden Lake lithium property consists of two mineral claims, totalling approximately 1,100 hectares. It is located north of Highway 4, 40 kilometres northeast of the city of Yellowknife, N.T. The property is highly prospective for spodumene-bearing lithium pegmatites. 92 Resources anticipates conducting a fieldwork program as soon as weather conditions permit.

Zimtu Capital, along with its prospecting partners, continues to evaluate and acquire prospective resource properties for sale or joint venture. As part of the company's business, Zimtu provides mineral property project generation and advisory services, and helps to connect companies with mineral properties of interest.

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