La Camera gets financing
do we still own 1.5 million shares of La Camera?
By the way, I met the Zimtu folks earlier this year, and they are serious and capable investors, so they must like La Camera's property. I think La Camera financed $5 million last
September at 60 cents. The current financing at 40 cents would value 1.5 million shares at $600,000.
News Releases
July 16, 2009
Zimtu Capital Corp. Acquires Securities of La Camera Mining Inc.
Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) ("the Company") announces that pursuant to a private placement transaction it has acquired 625,000 common shares of La Camera Mining Inc. ("La Camera") at a price of $0.40 for an aggregate subscription price of C$250,000.
La Camera is a private junior gold company operating in the Guerrero Gold Belt of central Mexico. La Camera controls a 17,000 hectare land package that is adjacent to, and in certain places surrounds, Goldcorp Inc.'s Los Filos gold mine. The Los Filos mine is currently the largest gold producer in Mexico and is expected to produce over 300,000 ounces annually by 2010.
La Camera's property hosts a historic gold resource and encompasses numerous exploration targets with multi-million ounce potential. La Camera is contemplating going into small scale production to advance its assets on an undiluted basis and is in discussions with several major mining companies regarding strategic arrangements with La Camera.
This transaction was made for investment purposes and is consistent with the Company's strategy of making early stage (pre-ipo) resource investments not normally available to the public as well as creating and incubating companies to build value for shareholders.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
"David Hodge"
David Hodge
President & Director
Phone: (604) 681 1568
Fax: (604) 681 8240
Email: dhodge@zimtu.com
AI
