News Releases
| December 18, 2009 Resinco(tm) Capital Partners Acquires Securities Of Oriental Mineral Inc. | |
| Vancouver, BC -- Resinco(tm) Capital Partners Inc. ("Resinco") announces that on December 17, 2009, it acquired ownership of a further 2,500,000 common shares ("Common Shares") and 1,250,000 common share purchase warrants (the "Warrants") of Oriental Minerals Inc. ("Oriental") as part of the recently closed Oriental private placement. Each Warrant entitles the holder to purchase one additional common share of Oriental at a price of $0.12 per share until December 17, 2011. As a result of this transaction, Resinco held, as at December 17, 2009, 12.0% or 21,649,612 shares of Oriental. In the event that the Warrants are fully exercised, the holdings of Resinco represent a total of 22,899,612 common shares of Oriental, or approximately 12.7% of all issued and outstanding common shares as at December 17, 2009, calculated on a partially diluted basis assuming the exercise of the Warrants only. John Icke, President and CEO of Resinco and a director on the Oriental board commented as follows: "Oriental Minerals is the largest investment in our portfolio and we have been involved since its inception through to this latest key financing event. We are delighted with the level of funding attracted by Oriental in this financing, despite the obvious significant level of dilution. Brian Wesson and his team at Westech are world-class operators and we are looking forward to assisting them in whatever way we can to add value. We believe this management team has the expertise and experience to evolve the Sangdong project to full production which will have a very significant impact on the value of our holdings and Resinco's net asset value as a result." About Resinco(tm) Capital Partners Inc. Resinco (Resource Investment Company), formerly Longview Capital Partners Incorporated, 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. 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. 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 release. | |
