Resinco(R) Capital Partners Inc. Acquires Securities of Lions Gate Metals Inc.
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/23/12 -- Resinco® Capital Partners Inc. ("Resinco") (TSX: RIN)(FRANKFURT: L6V) announces that on February 22, 2012, it acquired ownership of an additional 300,000 common shares of Lions Gate Metals Inc. ("Lions Gate") priced at $0.40 per share and 150,000 common share purchase warrants ("Warrants") exercisable, for a period of 18 months, into an equal number of common shares at $0.80 per Warrant.
Prior to this transaction, Resinco owned or controlled 3,898,437 common shares and 1,567,887 warrants of Lions Gate.
As a result of this transaction, Resinco held, as at February 22, 2012, 4,198,437 common shares of Lions Gate, representing approximately 16.44% of all issued and outstanding common shares of Lions Gate. If all the Warrants were exercised, and all other warrants held by Resinco were also exercised, Resinco's holdings would total 5,916,324 common shares of Lions Gate, or approximately 21.70% of all issued and outstanding common shares calculated on a partially diluted basis assuming the exercise of Resinco's warrants only. Lions Gate shareholder approval would be required in order for Resinco to exercise warrants that would cause its holdings to reach 20% or more of the issued and outstanding shares of Lions Gate.
The transaction was made for investment purposes and Resinco could increase or decrease its investments in Lions Gate 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 Capital Partners Inc.
John Icke
President and CEO
604-696-6515 or Toll Free: 1-877-687-5755
604-684-2990 (FAX)
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Datum: 23.02.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 1086142
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Venture Capital
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