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Zimtu Capital Corp. Announces Prima Fluorspar Corp. Commences Trading

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Zimtu Capital Corp. Announces Prima Fluorspar Corp. Commences Trading

 

 

 

 

 

Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) is pleased to announce that at the open of market today one of its equity holdings Prima Fluorspar Corp. 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)

 

 

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.

 

 

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.

 

 

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.

 

Posted April 22, 2013

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