Resinco(tm) Capital Partners Exercises its Special Warrants and Acquires Additional Securities of Oriental Minerals Inc.
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Re: News Releases - Tuesday, January 12, 2010
Resinco(tm) Capital Partners Exercises its Special Warrants and
Acquires Additional Securities of Oriental Minerals Inc.
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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
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Copyright (c) 2010 RESINCO CAPITAL PARTNERS (RCP) All rights reserved.
For more information visit our website at www.resincocp.com/ or
send mailto:info@resincocp.com
Message sent on Mon Jan 11, 2010 at 9:27:50 AM Pacific Time