Zimtu Capital Corp. (TSXv: ZC) announced that one of its equity holdings Prima Fluorspar Corp. commenced trading on the TSX Venture Exchange under the symbol TSXv: PF.
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.
News Release: Zimtu Capital Corp. Announces Trading of Prima Fluorspar Corp.
1. ZIMTU CAPITAL CORP. ANNOUNCES PRIMA FLUORSPAR CORP. COMMENCES
TRADING
April 19, 2013 - 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)
2. 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.
3. 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.
For additional information contact Matt Sroka, Shareholder Services at 604.681.1568 or
email info@zimtu.com.
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.
4. 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.