CZM Capital Announces Consolidation, Name Change and Private Placement
Released: December 14, 2009
Vancouver, BC, Canada, CZM Capital Corp. (the "Company") (TSXV: CZM) announces that it will be proceeding with the consolidation of its issued share capital on a 3:1 basis. The Company will also be changing its name to "Taku Gold Corp.", or such other name as may be approved by the directors and regulatory authorities. The Company received shareholder approval to the consolidation and name change at its annual and special meeting held on May 25, 2009. Following completion of the consolidation, the Company will have 11,777,638 shares outstanding.
In addition, the Company announces a non-brokered private placement totalling $500,000. These funds will be raised by the Company issuing a combination of up to 3,000,000 post-consolidated flow-through common shares at a post-consolidated price of $0.10 per share, and up to 2,500,000 non-flow-through units at a post-consolidated price of $0.08 per unit, each unit consisting of one post-consolidated common share and one share purchase warrant entitling the holder thereof to acquire one additional post-consolidated common share of the Company for a period of two years at a post-consolidated price of $0.10.
Finder's fees may be payable on a portion of the private placement, in accordance with the policies of the TSX Venture Exchange.
A portion of the net proceeds of the private placement will be used to further exploration on the Company's TAG Gold and Silver Property and for working capital purposes.
Completion of the consolidation, name change and private placement are subject to the acceptance of the TSX Venture Exchange.
On Behalf of the Board,
CZM Capital Corp.
Zachery Dingsdale, CEO and President
Neither the 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 news release.
Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.

For further information about CZM Capital, please fill out an Information Request Form or call 1-800-610-9552.
Contact CZM
204 - 700 West Pender St.
Vancouver, BC
Canada V6C 1G8

1-800-610-9552
T: (604) 642-0115
E: [email protected]
Home · Management · Properties · Investors · News Releases · Request Information

© 2006 - 2007 CZM Capital Corp. All rights reserved.
Privacy Policy · Disclaimer · Site Map