|November 17, 2017|
Resinco Capital Partners Inc. Closes Tranche 1 - Private Placement
|Vancouver, BC - Resinco Capital Partners Inc. (the "Company" or "Resinco") announces that it has closed a previously announced non-brokered private placement through the issuance of 15,100,010 units at a price of $0.10 per unit (the "Unit") for gross proceeds of $1,510,001. Each Unit consists of one common share (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). One Warrant entitles the holder thereof to purchase one Share of the Company at a price of $0.15 per Share until November 17, 2019. The securities are subject to a four-month hold period expiring on March 18, 2018.|
Tranche 2 of the private placement for the remaining 4,899,990 Units for gross proceeds of $479,999 is expected to close early next week.
The Company paid finder's fees on the tranche 1 closing of $83,300 and issued a total of 833,000 finder's options each exercisable until November 17, 2019 at $0.10 to buy one Unit on the same terms as the private placement Unit.
About Resinco 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 CAPITAL PARTNERS INC.:
Chairman, President and CEO
For more information, please contact
Doris Meyer, 604-536-2711, ext 6
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.