ZIMTU CAPITAL reports RARE EARTH ELEMENT TRANSACTION
Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1)reported that the company participating in Quantum Rare Earth Developments Corp.(TSXv: QRE) and Silver Mountain Mines Corp. acquisition of North East Minerals Pty. Ltd. ,a private Australian company, that owns a 100% interest in the Jungle Well and Laverton Rare Earth Element Projects.
The press release is quoted as saying:
For its participation in the transaction, the Company will receive 500,000 common shares of Quantum and C$33,333 following completion of a merger between Quantum and Silver Mountain, and acceptance of the TSX Venture Exchange.
Click here to access the entire press release
Click here to access Zimtu Capital Corporate Site
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Fri, Mar 12, 2010
Post by Anne Bagchi, Rare Earth Researcher