News Releases
| April 28, 2010 Resinco Converts Debt and Acquires Shares of Cue Resources | |
| Vancouver, BC -- Resinco(tm) Capital Partners Inc. ("Resinco") announces that on March 31, 2010, it acquired ownership of a further 1,595,400 common shares ("Common Shares") of Cue Resources Ltd. ("Cue") as part of the recently closed Cue debt settlement. Resinco did not receive warrants as part of the settlement. As a result of this transaction, Resinco held, as at March 31, 2010, 14,116,135 shares or 19.16% of all issued and outstanding common shares of Cue. From previous transactions, Resinco also holds warrants to purchase 4,575,000 common shares of Cue (the "Warrants"). If the Warrants were exercised, Resinco's holding would total 18,691,135 common shares of Cue, or approximately 23.89% of all issued and outstanding common shares calculated on a partially diluted basis assuming the exercise of the Warrants only. John Icke, President and CEO of Resinco and Executive Chairman of the Cue board of directors commented as follows: "Cue is a significant asset in the Resinco portfolio and we have been extensively involved in the development of the company over the last two years. The debt settlement is the first of a number of steps, some of which are already announced, that will show our continued commitment to the development of Cue which we believe will have a direct and positive impact on Resinco's net asset value as a result." About Resinco(tm) 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 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. | |
