Zimtu Capital reports gold property transaction

- February 2nd, 2010

Zimtu Capital reports that it has acted as one of the property vendors in Trivello Energy’s acquisition of the Tom Mine property located about 20 km northeast of Yellowknife, NWT. For its participation in the Trivello transaction, the Company will receive 1,000,000 common shares and C$50,000 subject to the approval of the TSX Venture Exchange (the “Exchange”). The Vendors … Continued

Zimtu Capital reports that it has acted as one of the property vendors in Trivello Energy’s acquisition of the Tom Mine property located about 20 km northeast of Yellowknife, NWT.

For its participation in the Trivello transaction, the Company will receive 1,000,000 common shares and C$50,000 subject to the approval of the TSX Venture Exchange (the “Exchange”). The Vendors will retain a 2% Net Smelter Return (“NSR”) royalty, 1% of which may be purchased by Trivello for C$1,000,000.

Zimtu continues to evaluate and acquire prospective resource properties to make available for sale or joint venture. As part of the Company’s business, Zimtu provides mineral property advisory services and helps to connect companies with mineral properties of interest.

For complete press release, click here.

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