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News Release: Zimtu Capital Transaction with Triple Dragon/Pasinex
1. ZIMTU CAPITAL CORP. ANNOUNCES TRIPLE DRAGON RESOURCES INC.
TRANSACTION; ADDITION TO BOARD OF DIRECTORS
January 16, 2012 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or
“Zimtu”) announces that it has agreed to a share sale transaction pursuant to which
Zimtu will sell a total of 4,750,000 common shares of Triple Dragon Resources Inc.
(“Triple Dragon”), representing 19% of Triple Dragon’s issued and outstanding share
capital.
The shares will be sold in private transactions to a total of 3 individuals at a price of
$0.04 per share. The shares will be sold below market price to provide financial
incentive to the purchasers who will take over leadership of Triple Dragon and its
business. Zimtu will remain the owner of about 50% of the outstanding shares of Triple
Dragon. Under the terms of the sale, the buyers have agreed to the escrow of their
shares with timed release over 3 years. The sale is being made to three persons who
are arm’s length to Zimtu.
New Appointment to Board of Directors
Zimtu Capital Corp. is please to announce the appointment of Sean Charland to the
Board of Directors. Sean Charland is a seasoned communications professional with
experience in raising capital and marketing resource exploration companies. His
network of contacts within the financial community extends across North America and
Europe. Mr. Charland also serves as a Director of Pacific Polar Energy Group.
About Zimtu Capital Corp.
Zimtu Capital Corp. invests in, creates and grows natural resource companies thereby
providing a way for shareholders to indirectly 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.
Zimtu Capital trades on the TSX Venture Exchange under the symbol “ZC” and the
Frankfurt Stock Exchange under the symbol “ZCT1.” For more information please visit
the corporate website at http://www.zimtu.com or contact:
Kevin Bottomley
Shareholder Services
2. Toll Free: 1.877.377.6222
Phone: 604.681.1568
Email: kevin@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. Forward-looking
statements in this news release include that the sale of shares of Triple Dragon Resources Inc. will close.
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.