Zimtu Signs Agreement with Galaxy Capital Corp. to earn 100% Interest in the Sun Graphite Property

Zimtu Capital Corp.(TSXV:ZC) announced the signing of a new agreement with Galaxy Capital Corp.. Under the terms of this agreement Galaxy can earn a 100% interest in the Sun Graphite property, Quebec. Zimtu will receive cash and share payments from Galaxy after date of acceptance by the TSX Venture Exchange.

As quoted in the press release:

Zimtu will receive staged cash and share payments from Galaxy as follows: (i) $3,750 on signing (paid); (ii) $3,750 and 250,000 common shares on acceptance by the TSX Venture Exchange (“TSXV”); (iii) $7,500 and 125,000 common shares 14 months from the date of TSXv acceptance; and (iv) $10,000 and 125,000 common shares 24 months from the date of TSXv acceptance. Zimtu’s three prospecting partners will each receive cash and share considerations equal to that of Zimtu

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