06:24:18 EDT Thu 25 Apr 2024
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or Name
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Arctic Star Exploration Corp (4)
Symbol ADD
Shares Issued 118,491,751
Close 2021-08-30 C$ 0.12
Market Cap C$ 14,219,010
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Arctic Star to receive ZimtuAdvantage services

2021-08-30 17:05 ET - News Release

Mr. Patrick Power reports

ARCTIC STAR EXPLORATION ANNOUNCES ZIMTUADVANTAGE CONTRACT WITH ZIMTU CAPITAL

Arctic Star Exploration Corp. has signed an agreement with Zimtu Capital Corp. whereby Zimtu shall provide Arctic Star services under the ZimtuAdvantage program.

ZimtuAdvantage is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets, and guidance and special group pricing provided by Zimtu's network of public company professionals. The program, which has been revised to enhance its digital communications and marketing opportunities, provides the flexibility to allow companies to customize the products and services to best support their needs. The contract is considered to include investor relations services under TSX Venture Exchange Policy 3.4.

Under the terms of the agreement, Arctic Star will pay Zimtu $12,500 per month for a period of 12 months. Arctic Star will pay the full year's payments when it next raises financing. The ZimtuAdvantage contract is being filed with the TSX-V.

About Arctic Star Exploration Corp.

Arctic Star is predominantly a diamond explorer, recently discovering five new kimberlites in the prolific Lac De Gras kimberlite field that supports two multibillion-dollar kimberlite mining complexes. The company also has a 958-hectare exploration permit containing several diamond-bearing kimberlites on its Timantti project, Kuusamo, Finland. Arctic Star has optioned its Stien diamond project in Nunavut to GGL Diamonds, which plans work once COVID restrictions lift. The company continues to look for appropriate diamond opportunities elsewhere.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The company trades on the TSX Venture Exchange under the symbol ZC and on the Frankfurt Stock Exchange under symbol ZCT1.

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