|December 05, 2017|
Resinco Capital Partners Inc. Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC - Resinco Capital Partners Inc. (the "Company" or "Resinco") announces a non-brokered private placement of 20,000,000 units at an issue price of $0.31 per unit (the "Offering"). Each unit will comprise one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable to purchase one Share at an exercise price of $0.45 for a term of two years. On November 9, 2017, the Company filed a price reservation form with the TSX Venture Exchange (the "TSXV") to price protect a private placement of up to 20 million units at a price of $0.31 per unit. Completion of the Offering remains subject to a number of conditions, including receipt of TSXV approval. In connection with the Offering, the Company may pay finder's fees within the allowable limits of the policies of the TSXV.
The use of proceeds of the private placement will be for investments and general working capital.
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.:
President and Chief Executive Officer
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.
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements, including statements regarding the intended use of proceeds, closing conditions and timing and other matters relating to the Offering. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.<?em>