Holy Pencil Lead Batman heavy volume today....onward and upward
closing depth
| # Orders | Shares | Bid | Ask | Shares | # Orders |
| 1 | 40000 | 0.155 | 0.170 | 5500 | 1 |
| 1 | 50000 | 0.145 | 0.180 | 4000 | 1 |
| 2 | 53000 | 0.140 | 0.185 | 10000 | 1 |
| 1 | 1000 | 0.115 | 0.190 | 10000 | 1 |
| 1 | 50000 | 0.110 | 0.195 | 33000 | 1 |
VANCOUVER, Mar 1, 2012, 2012 (Canada NewsWire via COMTEX) -- Zimtu Capital Corp. (ZC)(ZCT1) (the "Company" or "Zimtu") is pleased to announce that the Company and one of its prospecting partners have signed an agreement with Pinestar Gold Inc. (PNS)(3PI) ("Pinestar") whereby Pinestar can earn a 100%-interest in a portfolio of graphite projects in Australia (the "Option").
The combined package is comprised of 11 tenements (the "Optioned Properties") with a total area of 533 km(2)located in four different states in Australia. Of the 11 tenements subject to the Option, three comprise the Munglinup Project in Western Australia, one comprises the Eyre Point Project in South Australia, five cover various historical showings located in New South Wales, one covers the Furniss East Project in Western Australia, and one covers the Emu Plain project located in Queensland.
For its participation in the transaction, Zimtu will receive staged cash and share payments from Pinestar as follows: (i) $12,500 on signing (paid); (ii) $25,000 and 500,000 common shares on acceptance by the TSX Venture Exchange ("TSXv"); (iii) $37,500 and 500,000 common shares 12 months from the date of TSXv acceptance; and (iv) 375,000 common shares 18 months from the date of TSXv acceptance; (v) 375,000 common shares 24 months from the date of TSXv acceptance. Zimtu's prospecting partner will receive cash and share considerations equal to that of Zimtu. The vendors will collectively retain a 2% Net Smelter Returns Royalty on the Property; 1% of which can be purchased by Pinestar for C$1 million. During the period which is 6 months from the date of TSXv acceptance, Pinestar will complete a minimum of $100,000 of exploration on the properties.