News Releases
| July 15, 2010 Resinco(tm) Capital Partners Inc. Acquires Securities of Lions Gate Metals Inc. | |
| Vancouver, BC -- Resinco(tm) Capital Partners Inc. ("Resinco") issues this press release pursuant to National Instrument 62-103 with respect to Lions Gate Metals Inc. Resinco announces that on July 13, 2010, it acquired ownership of an additional 312,500 common shares ("Common Shares") priced at $0.80 and 156,250 common share purchase warrants (the "Warrants") of Lions Gate Metals Inc. ("Lions Gate"). Each Warrant entitles the holder to purchase one additional common share of Lions Gate at a price of $1.00 per share until July 13, 2015. Prior to this transaction, Resinco owned or controlled 2,829,937 common shares of Lions Gate, as well as warrants to acquire a further 1,099,137 common shares. As a result of this transaction, Resinco held, as at July 13, 2010, 3,142,437 common shares of Lions Gate, representing 25.63% of Lions Gate and warrants to acquire a further 1,255,387 common shares of Lions Gate, representing 32.54% of all issued and outstanding common shares as at July 13, 2010 calculated on a partially diluted basis assuming the exercise of the convertible securities held by Resinco only. This 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(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. | |
