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Zimtu Capital reports Rare Earth Element Property Transaction
Apr. 06, 2010 05:21PM PST
Resource Investing
Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)reported that the company has acted as one of the property vendors in Fieldex Exploration Inc’s (TSXv: FLX) (FSE: F7E) acquisition of the Michikamats Rare Earth Project located in Labrador south of Quest Uranium Corp’s Misery Lake Project.
Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)reported that the company has acted as one of the property vendors in Fieldex Exploration Inc’s (TSXv: FLX) (FSE: F7E) acquisition of the Michikamats Rare Earth Project located in Labrador south of Quest Uranium Corp’s Misery Lake Project.
The press release is quoted as saying:
Fieldex is engaged in the exploration for rare metals and base metals. FNX Mining Company owns 6,500,000 shares of Fieldex. The company has 57,922,018 shares outstanding and a cash position of $3.4 Million. Fieldex intends to move the project forward rapidly, initially with prospecting and anticipated drilling in the third quarter of 2010.