Resinco(tm) Capital Partners Exercises its Special Warrants and Acquires Additional Securities of Oriental Minerals Inc.
Die HTML-Ausgabe wird aus Sicherheitsgründen unterdrückt! HTML-Text darstellen ================================================== Re: News Releases - Tuesday, January 12, 2010 Resinco(tm) Capital Partners Exercises its Special Warrants and Acquires Additional Securities of Oriental Minerals Inc. ==================================================
Vancouver, BC -- Resinco(tm) Capital Partners Inc. ("Resinco") announces that further to a previously reported shares-for-debt agreement between Longview Capital Partners Incorporated (now Resinco) and Oriental Minerals Inc. ("Oriental") wherein Resinco acquired 5,436,962 common shares and 3,724,741 special warrants ("Special Warrants") of Oriental, with each Special Warrant convertible by Resinco into one additional common share of Oriental without payment of additional consideration, Resinco has now exercised the Special Warrants and converted them into common shares.
Prior to the exercise of the Special Warrants, Resinco held an aggregate of 21,649,612 common shares, the Special Warrants and 1,250,000 share purchase warrants ("Share Purchase Warrants") of Oriental which represents 12.05% of Oriental's issued and outstanding common shares on a non-diluted basis and 14.41% on a partially diluted basis, assuming the exercise of the Special Warrants and the Share Purchase Warrants.
Following the exercise of the Special Warrants, Resinco now holds an aggregate 25,374,353 common shares and the Share Purchase Warrants of Oriental which represents 13.83% of Oriental's issued and outstanding common shares on a non-diluted basis and 14.41% on a partially diluted basis, assuming the exercise of the Share Purchase Warrants.
This transaction was made for investment purposes and Resinco could increase or decrease its investments in Oriental depending on market conditions or any other relevant factor.
About Resinco(tm) Capital Partners Inc.
Resinco (Resource Investment Company) is a global investment company which 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 www.resincocp.com.
On behalf of the Board of Directors RESINCO(tm) CAPITAL PARTNERS INC.
John Icke President and CEO
For more information, please contact
Resinco Mike Rodger Investor Relations 604-696-6515 info@resincocp.com www.resincocp.com
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
================================================== Copyright (c) 2010 RESINCO CAPITAL PARTNERS (RCP) All rights reserved. For more information visit our website at http://www.resincocp.com/ or send mailto:info@resincocp.com Message sent on Mon Jan 11, 2010 at 9:27:50 AM Pacific Time |