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Resinco Capital Partners announces private placement of common shares

Resinco Capital Partners Inc. announced a nonbrokered private placement of 20 million units at an issue price of C$0.31 per unit.

Each unit will comprise one common share and one common share purchase warrant. Each warrant will be exercisable to purchase one share at an exercise price of 45 cents for a term of two years. Completion is subject to a number of conditions including receipt of TSX Venture Exchange approval.

In connection with the offering, the company may pay finder's fees within the allowable limits of the policies of the TSX Venture Exchange. The proceeds will be for investments and general working capital.