Zimtu Capital buying at King's Bay Resources

Zimtu Capital buying at King's Bay Resources (:KBG)

Zimtu Capital Corp., a 10% Holder, acquired 2,625,000 Common Shares on a direct ownership basis at a price of $0.060 through a private transaction on June 12th, 2018. The insider also acquired 2,625,000 Warrants with an exercise price of $0.100 until June 8, 2020. This represents a $157,500 investment into the company's shares and an account share holdings change of 31.2%.

In addition, Jody Bellefleur, CFO, acquired 200,000 Common Shares and 150,000 Warrants on a direct ownership basis. This represents a $12,000 investment into the company's shares and an account share holdings change of greater than 100%.

King's Bay Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Kings Bay Resources Corp, formerly King's Bay Gold Corp, is a Canada-based mineral resource exploration company. The Company is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties. The Company focuses on a portfolio of cobalt and other high-tech metals, such as copper, nickel and silver. The Company holds interest in Lynx Lake Project, which includes Lynx Lake Property located in southern Labrador, and Quebec Cobalt Project, which includes Ninuk Lake Cobalt Property located northeast of Umiujag, Quebec, Broadback River Cobalt Property located northwest of the Nuinsco Discovery zone and Roberge Cobalt Property located southeast of Chesterville, Quebec.