Resinco(R) Capital Partners Inc. Acquires Securities of Terreno Resources Corp.
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/11 -- Resinco® Capital Partners Inc. (TSX: RIN)(FRANKFURT: L6V) ("Resinco") announces that on August 11, 2011 it acquired ownership of 1,533,333 common shares of Terreno Resources Corp. ("Terreno") priced at $0.15 per share and 766,666 common share purchase warrants ("Warrants") exercisable for a period of 2 years into an equal number of common shares at $0.25 per Warrant. All securities issued pursuant to this financing are subject to a four month hold period expiring on December 10, 2011.
Prior to this transaction, Resinco owned or controlled 7,288,267 common shares, 1,666,667 share purchase warrants and 120,000 options to purchase common shares of Terreno.
As a result of this transaction, Resinco held, as at August 11, 2011, 16,591,420 common shares of Terreno representing approximately 29.18% of all issued and outstanding common shares of Terreno. If all the Warrants were exercised, and all other warrants and options held by Resinco were also exercised, Resinco's holdings would total 19,144,753 or approximately 33.67% of all issued and outstanding common shares of Terreno calculated on a partially diluted basis assuming the exercise of Resinco's warrants only.
This transaction was made for investment purposes and Resinco could increase or decrease its investment in Terreno depending on market conditions or any other relevant factors.
About Resinco® Capital Partners Inc.
Resinco (Resource Investment Company) is a global investment company that specializes in providing early stage financing to private and public exploration and mining companies in the hard rock minerals, precious metals, rare-earth minerals, oil, gas, water and renewable energy markets.
For more information on Resinco, please visit .
On behalf of the Board of Directors
RESINCO® CAPITAL PARTNERS INC.:
John Icke, President and CEO
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Resinco
Mike Rodger
Investor Relations
604-696-6515 or 1-877-687-5755
604-684-2990 (FAX)
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Datum: 15.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1030537
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Venture Capital
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