News Release
Resinco Capital Partners Inc. Closes Tranche 2 – Private Placement and makes Management Changes
November 24, 2017
TSXV: RIN
Vancouver, BC – Resinco Capital Partners Inc. (the “Company” or “Resinco”) announces that it has closed the second and final tranche of a previously announced non-brokered private placement through the issuance of an additional 4,890,000 units at a price of $0.10 per unit (the “Unit”) for gross proceeds of $489,000. 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 25, 2018.
The Company paid finder’s fees on the Tranche 2 closing of $34,230 and issued a total of 342,300 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.
Resinco has now closed this private placement and in Tranche 1 and 2 issued a total of 19,990,010 Units for gross proceeds of $1,990,001.
The Company also announces that Kyle Stevenson has been appointed President and CEO and a Director of the Company. Hein Poulus will remain as Chairman. Mr. Stevenson, a founder and past CEO/President of Millennial Lithium Corp., brings over 15 years of experience in finance, marketing and operations to the team. Mr. Stevenson currently sits on the board of Millennial Lithium Corp., Liberty One Lithium Corp, Datinvest Corp. and Blueprint Capital.
The Company granted 300,000 stock options to the independent directors of the Company at an exercise price of $0.465 exercisable for a period of 5 years.
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.:
Hein Poulus
Chairman
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.
