Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 189)
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Central Iron Ore Limited: Sale of British King and Eureka Gold Mines
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - THIS NEWS RELEASE IS Central Iron Ore Limited (TSX VENTURE: CIO.V) ("the Company") is pleased to announce that it has today entered into an Option and Asset Sale Agreement ('Agreement') with Natural Resource Investments Pty Ltd ('NRI'), for sale of its British King and Eureka gold mines ('Assets') for CAD$4 million.
The sale of Assets will initially raise CAD$500,000 for additional working capital and a further $500,000 within 12 months and a further CAD$3 million within 4 years. Sale of the Assets will provide funds to support the Company's strategy of acquiring projects for iron ore exploration in Australia and development of its Tanzanian uranium assets. The Company previously obtained shareholder approval for sale of the Assets at its Annual General Meeting on 30 November 2009.
The key terms of the Agreement are:
Option to Purchase:
- NRI has a non-exclusive option to purchase the Assets for 5 months.
- On exercise of option, the sale of Assets is to be completed within 30 days.
Sale of Assets:
- Purchase price - CAD$4 million
- Payment schedule:
-- CAD$250,000 deposit on exercise of option to purchase Assets
-- CAD$250,000 on completion within 30 days of exercise of option
-- CAD$500,000 on 1st anniversary of the Agreement
-- CAD$3 million made by equal payments on the 1st, 2nd and 3rd anniversary of the Agreement.
- All payments following completion are secured by a first ranking charge and mortgage over the Assets
- Following exercise of the option, if the sale is not completed within 30 days, the Company retains the $250,000 deposit and shares in the Company for the equivalent amount will be issued to NRI at the Volume Weighted Average Trading Price for the last 30 trading days.
The Agreement is subject to TSX Venture Exchange approval, given that sale of the Assets may, in whole or in part, constitute a disposition of more than 50% of the Company's assets, business or undertaking. The Company will continue to maintain its Tier 2 Tier Maintenance requirements from further development of its existing projects and through acquisition of new projects particularly focused on iron ore exploration in Australia. TSX Venture Exchange approval will be sought following exercise of the option by NRI.
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
Andrew Spinks, President/CEO
http://ca.news.finance.yahoo.com/s/11032010/28/link-f-ccnmat…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - THIS NEWS RELEASE IS Central Iron Ore Limited (TSX VENTURE: CIO.V) ("the Company") is pleased to announce that it has today entered into an Option and Asset Sale Agreement ('Agreement') with Natural Resource Investments Pty Ltd ('NRI'), for sale of its British King and Eureka gold mines ('Assets') for CAD$4 million.
The sale of Assets will initially raise CAD$500,000 for additional working capital and a further $500,000 within 12 months and a further CAD$3 million within 4 years. Sale of the Assets will provide funds to support the Company's strategy of acquiring projects for iron ore exploration in Australia and development of its Tanzanian uranium assets. The Company previously obtained shareholder approval for sale of the Assets at its Annual General Meeting on 30 November 2009.
The key terms of the Agreement are:
Option to Purchase:
- NRI has a non-exclusive option to purchase the Assets for 5 months.
- On exercise of option, the sale of Assets is to be completed within 30 days.
Sale of Assets:
- Purchase price - CAD$4 million
- Payment schedule:
-- CAD$250,000 deposit on exercise of option to purchase Assets
-- CAD$250,000 on completion within 30 days of exercise of option
-- CAD$500,000 on 1st anniversary of the Agreement
-- CAD$3 million made by equal payments on the 1st, 2nd and 3rd anniversary of the Agreement.
- All payments following completion are secured by a first ranking charge and mortgage over the Assets
- Following exercise of the option, if the sale is not completed within 30 days, the Company retains the $250,000 deposit and shares in the Company for the equivalent amount will be issued to NRI at the Volume Weighted Average Trading Price for the last 30 trading days.
The Agreement is subject to TSX Venture Exchange approval, given that sale of the Assets may, in whole or in part, constitute a disposition of more than 50% of the Company's assets, business or undertaking. The Company will continue to maintain its Tier 2 Tier Maintenance requirements from further development of its existing projects and through acquisition of new projects particularly focused on iron ore exploration in Australia. TSX Venture Exchange approval will be sought following exercise of the option by NRI.
On behalf of the Board of Directors
CENTRAL IRON ORE LIMITED
Andrew Spinks, President/CEO
http://ca.news.finance.yahoo.com/s/11032010/28/link-f-ccnmat…
AMI drills 24 metres at 3.08 g/t Au
2010-03-10 10:31 ET - News Release
Mr. Dustin Elford reports
AMI REPORTS 24 METERS OF 3.08 G/T GOLD NORTHEAST OF SEMAFO'S SAMIRA HILL MINE
AMI Resources Inc. has received drill results from the first five holes of its 25 reverse circulation hole drill program at the Sirba gold project in Niger.
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
http://www.amiresources.com/cms_pdfs/Niger/2010%20March%2010…
2010-03-10 10:31 ET - News Release
Mr. Dustin Elford reports
AMI REPORTS 24 METERS OF 3.08 G/T GOLD NORTHEAST OF SEMAFO'S SAMIRA HILL MINE
AMI Resources Inc. has received drill results from the first five holes of its 25 reverse circulation hole drill program at the Sirba gold project in Niger.
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
http://www.amiresources.com/cms_pdfs/Niger/2010%20March%2010…
Pinetree Capital Ltd. Announces Unaudited Financial Results For The Three Months And Year Ended December 31, 2009
TORONTO, Ontario (March 9, 2010) – Pinetree Capital Ltd. (“Pinetree”) (TSX: PNP) today announces its financial results for the three months and year ended December 31, 2009.
During the final quarter of fiscal 2009, Pinetree generated net income of $20.3 million, as compared to a net loss of $93.6 million for the same quarter last year. The net income was primarily the result of net investment gains of $37.7 million in the quarter, comprised mainly of $28.1 million in unrealized gains on investments and realized gains on dispositions of investments of $9.7 million. Earnings per share was $0.15, as compared to a loss per share of $0.71 in the three months ended December 31, 2008.
For the year ended December 31, 2009, Pinetree generated net income of $157.4 million, as compared to a net loss of $356.0 million last year. The net income in the year was primarily from net investment gains of $207.2 million, comprised mainly of $229.3 million in unrealized gains on investments partially offset by realized losses on dispositions of investments of $22.4 million. Earnings per share (basic) was $1.19 in the year ended December 31, 2009, as compared to a loss per share of $2.92 in the year ended December 31, 2008.
The composition of Pinetree’s investment portfolio (accounted for at fair value) by sector as at December 31, 2009, as compared to the prior year, is outlined in the following table:
[...]
http://www.pinetreecapital.com/investors/news_releases/index…
Pinetree Capital Ltd. Announces Correction To Press Release
March 9, 2010
TORONTO, Ontario – Pinetree Capital Ltd. (“Pinetree”) (TSX: PNP) announces that its previously issued press release of today, announcing its results for the 3 months and year ended December 31, 2009, contained an error in its heading. The heading incorrectly indicated that the results were unaudited. The results were audited.
http://www.pinetreecapital.com/investors/news_releases/index…
TORONTO, Ontario (March 9, 2010) – Pinetree Capital Ltd. (“Pinetree”) (TSX: PNP) today announces its financial results for the three months and year ended December 31, 2009.
During the final quarter of fiscal 2009, Pinetree generated net income of $20.3 million, as compared to a net loss of $93.6 million for the same quarter last year. The net income was primarily the result of net investment gains of $37.7 million in the quarter, comprised mainly of $28.1 million in unrealized gains on investments and realized gains on dispositions of investments of $9.7 million. Earnings per share was $0.15, as compared to a loss per share of $0.71 in the three months ended December 31, 2008.
For the year ended December 31, 2009, Pinetree generated net income of $157.4 million, as compared to a net loss of $356.0 million last year. The net income in the year was primarily from net investment gains of $207.2 million, comprised mainly of $229.3 million in unrealized gains on investments partially offset by realized losses on dispositions of investments of $22.4 million. Earnings per share (basic) was $1.19 in the year ended December 31, 2009, as compared to a loss per share of $2.92 in the year ended December 31, 2008.
The composition of Pinetree’s investment portfolio (accounted for at fair value) by sector as at December 31, 2009, as compared to the prior year, is outlined in the following table:
[...]
http://www.pinetreecapital.com/investors/news_releases/index…
Pinetree Capital Ltd. Announces Correction To Press Release
March 9, 2010
TORONTO, Ontario – Pinetree Capital Ltd. (“Pinetree”) (TSX: PNP) announces that its previously issued press release of today, announcing its results for the 3 months and year ended December 31, 2009, contained an error in its heading. The heading incorrectly indicated that the results were unaudited. The results were audited.
http://www.pinetreecapital.com/investors/news_releases/index…
Trading Spotlight
Pacific Coast, Strategic renegotiate Burwash option
2010-03-08 11:36 ET - News Release
Also News Release (C-SMD) Strategic Metals Ltd
Mr. Jim Walchuck of Pacific Coast Nickel reports
PACIFIC COAST ANNOUNCES RENEGOTIATION OF BURWASH OPTION AGREEMENT
Pacific Coast Nickel Corp. has renegotiated the terms of the Burwash option agreement with Strategic Metals Ltd. to reduce the required expenditures in 2010 to $250,000. The Company intends to conduct a UTME geophysical survey.
Jim Walchuck, President of Pacific Coast said, "We remain committed to the project and based on the results of the geophysics we will plan the next phase of drilling on the property. With nickel prices improving we see the Burwash project as having improved possibilities. We appreciate that Strategic has renegotiated the agreement which has resulted in the continuance of a rational exploration program. Pacific Coast currently has in excess of $800,000 in its treasury. In addition to protecting our Burwash Project we are also examining a number of strategic opportunities."
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-03-08 11:36 ET - News Release
Also News Release (C-SMD) Strategic Metals Ltd
Mr. Jim Walchuck of Pacific Coast Nickel reports
PACIFIC COAST ANNOUNCES RENEGOTIATION OF BURWASH OPTION AGREEMENT
Pacific Coast Nickel Corp. has renegotiated the terms of the Burwash option agreement with Strategic Metals Ltd. to reduce the required expenditures in 2010 to $250,000. The Company intends to conduct a UTME geophysical survey.
Jim Walchuck, President of Pacific Coast said, "We remain committed to the project and based on the results of the geophysics we will plan the next phase of drilling on the property. With nickel prices improving we see the Burwash project as having improved possibilities. We appreciate that Strategic has renegotiated the agreement which has resulted in the continuance of a rational exploration program. Pacific Coast currently has in excess of $800,000 in its treasury. In addition to protecting our Burwash Project we are also examining a number of strategic opportunities."
[...]
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
March 08, 2010
Woulfe announces positive results from its Sangdong Scoping Study
Woulfe Mining Corporation ('WOF' -- the Company) of Vancouver Canada announces the completion and release of its Scoping Study for the Sangdong Property re-establishment project in Gangwon Do province, South Korea. The Study has been prepared by Wardrop Engineering Inc., a Tetra Tech Company (Wardrop) in their UK office to provide details of the scope and preliminary economic estimates for the company to reopen and redevelop the de-commissioned underground Sangdong Tungsten/Molybdenum mine. Sangdong was operated as an underground mine from 1947 until 1992.
Highlights of the study include:
- 26.4% Internal Rate of Return
- 3.4 Years payback on US$289m Capital
- Direct Operating Costs of US$32.50/t processed
- US$462 M Net Present Value at 8% discount value
- Current operational plans envisage production rate of 2.5 Mt per year over a 15 year mine life
The Study provides support for the company's plans for refurbishment of a small scale, high grade underground operation in a skarn type deposit using existing mine access, extensive underground development and other mine infrastructural assets which include buildings to house a new process plant, offices, mine and workshops and personnel facilities. The Company plans the reopening of the mine and a programme of long and short-hole diamond drilling to provide samples for metallurgical testing and additional information for the planned feasibility study.
[...]
http://www.orientalminerals.com/s/NewsReleases.asp?ReportID=…
Woulfe announces positive results from its Sangdong Scoping Study
Woulfe Mining Corporation ('WOF' -- the Company) of Vancouver Canada announces the completion and release of its Scoping Study for the Sangdong Property re-establishment project in Gangwon Do province, South Korea. The Study has been prepared by Wardrop Engineering Inc., a Tetra Tech Company (Wardrop) in their UK office to provide details of the scope and preliminary economic estimates for the company to reopen and redevelop the de-commissioned underground Sangdong Tungsten/Molybdenum mine. Sangdong was operated as an underground mine from 1947 until 1992.
Highlights of the study include:
- 26.4% Internal Rate of Return
- 3.4 Years payback on US$289m Capital
- Direct Operating Costs of US$32.50/t processed
- US$462 M Net Present Value at 8% discount value
- Current operational plans envisage production rate of 2.5 Mt per year over a 15 year mine life
The Study provides support for the company's plans for refurbishment of a small scale, high grade underground operation in a skarn type deposit using existing mine access, extensive underground development and other mine infrastructural assets which include buildings to house a new process plant, offices, mine and workshops and personnel facilities. The Company plans the reopening of the mine and a programme of long and short-hole diamond drilling to provide samples for metallurgical testing and additional information for the planned feasibility study.
[...]
http://www.orientalminerals.com/s/NewsReleases.asp?ReportID=…
Lions Gate signs definitive agreement for AusNiCo RTO
2010-03-08 09:24 ET - News Release
Mr. Arni Johannson reports
LIONS GATE METALS INC. AND AUSNICO STAKEHOLDERS SIGN DEFINITIVE AGREEMENT
AusNiCo Ltd., Lions Gate Metals Inc. and all of the securityholders of AusNiCo have signed a definitive securities exchange agreement in connection with the business combination reported in Stockwatch on Dec. 18, 2009.
A closing date for the transaction has yet to be scheduled, but it is anticipated that closing will occur before March 31, 2010. Lions Gate anticipates completing a filing statement concerning the Transaction on or before March 15, 2010. Following completion of the filing statement, Lions Gate will seek necessary shareholder approval to the Transaction by written consent of shareholders holding a majority of the Company's outstanding shares.
Upon completion of the Transaction, AusNiCo will become a wholly owned subsidiary of Lions Gate and the securityholders of AusNiCo will become securityholders of Lions Gate.
The Transaction remains subject to satisfaction of a number of conditions, including completion of the financing announced on December 18, 2009 and increased on February 18, 2010 and approvals of the TSX Venture Exchange and the shareholders of Lions Gate.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-03-08 09:24 ET - News Release
Mr. Arni Johannson reports
LIONS GATE METALS INC. AND AUSNICO STAKEHOLDERS SIGN DEFINITIVE AGREEMENT
AusNiCo Ltd., Lions Gate Metals Inc. and all of the securityholders of AusNiCo have signed a definitive securities exchange agreement in connection with the business combination reported in Stockwatch on Dec. 18, 2009.
A closing date for the transaction has yet to be scheduled, but it is anticipated that closing will occur before March 31, 2010. Lions Gate anticipates completing a filing statement concerning the Transaction on or before March 15, 2010. Following completion of the filing statement, Lions Gate will seek necessary shareholder approval to the Transaction by written consent of shareholders holding a majority of the Company's outstanding shares.
Upon completion of the Transaction, AusNiCo will become a wholly owned subsidiary of Lions Gate and the securityholders of AusNiCo will become securityholders of Lions Gate.
The Transaction remains subject to satisfaction of a number of conditions, including completion of the financing announced on December 18, 2009 and increased on February 18, 2010 and approvals of the TSX Venture Exchange and the shareholders of Lions Gate.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Sheen ends Canamara RTO, CEO resigns
2010-03-05 17:04 ET - News Release
An anonymous director reports
SHEEN RESOURCES LTD. TERMINATES PROPOSED REVERSE TAKE-OVER AND ANNOUNCES RESIGNATION OF PRESIDENT AND CEO
Sheen Resources Ltd. has advised Canamara Energy Corp. it will not be proceeding with the proposed reverse takeover, as originally announced in Stockwatch news on Nov. 25, 2009. Further due diligence on the Touladi Lake property has led the company to this conclusion.
The company is actively investigating new project opportunities and is continuing to negotiate debt settlements with various creditors in anticipation of a new acquisition.
The company has also advised the TSX Venture Exchange of this development and will be making application to move its listing to the NEX board of the TSX-V, pending a reorganization of its affairs. Also, Adrian Rollke has resigned from the offices of president, chief executive officer and secretary, as well as a director. The company thanks him for his many years of service to the company. The company expects to announce the placements for each of these positions shortly.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Lions Gate Metals Inc. (LGM.V) - Q4
Mar 4 2010
MD&A - English
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
Audited annual financial statements - English
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=…
2010-03-05 17:04 ET - News Release
An anonymous director reports
SHEEN RESOURCES LTD. TERMINATES PROPOSED REVERSE TAKE-OVER AND ANNOUNCES RESIGNATION OF PRESIDENT AND CEO
Sheen Resources Ltd. has advised Canamara Energy Corp. it will not be proceeding with the proposed reverse takeover, as originally announced in Stockwatch news on Nov. 25, 2009. Further due diligence on the Touladi Lake property has led the company to this conclusion.
The company is actively investigating new project opportunities and is continuing to negotiate debt settlements with various creditors in anticipation of a new acquisition.
The company has also advised the TSX Venture Exchange of this development and will be making application to move its listing to the NEX board of the TSX-V, pending a reorganization of its affairs. Also, Adrian Rollke has resigned from the offices of president, chief executive officer and secretary, as well as a director. The company thanks him for his many years of service to the company. The company expects to announce the placements for each of these positions shortly.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Lions Gate Metals Inc. (LGM.V) - Q4
Mar 4 2010
MD&A - English
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
Audited annual financial statements - English
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=…
Antwort auf Beitrag Nr.: 39.069.542 von szg_01 am 05.03.10 14:59:39FSC / Press Release
John Park Joins Technical Advisory Board
Vancouver, British Columbia CANADA, March 05, 2010 /FSC/ - Resinco(TM) Capital Partners Inc. (RIN - TSX, L6V1 - FWB), is pleased to announce the appointment of Mr. John Park as a new member of its Technical Advisory Board ("TAB"). The TAB is providing Resinco with advice, counsel, guidance and education related to the technical aspects of potential investments. Additionally, TAB members provide quality assurance related to the assessment of ongoing exploration programs in current investments. The TAB members receive a monthly retainer, options in Resinco and lead the technical due diligence of new deals. The TAB will also review on-going operational plans of investee companies. Resinco believes the TAB will deliver potential investment opportunities to Resinco through members' personal networks.
Mr. Park is currently a director of Golden Pacific Resources Limited in Australia and has held positions on the boards of AIM listed African Eagle Resources plc, Cambridge Mineral Resources plc, Hereward Ventures plc (now Encore Oil) as chairman and director. He has also been on the boards of Australian companies GoldFX Pty. Ltd. and Central Queensland Resources Ltd. (now Midas Resources) as well as being chairman and a director of ASX listed Tasman Goldfields Ltd. He was also previously a director of Canadian listed Longview Capital Partners Incorporated (currently Resinco) and Buffalo Gold Ltd.
Mr. Park graduated in metallurgy from the University of Queensland in 1971 and worked in mining and mineral processing operations in the UK, Australia and Zambia prior to joining Seltrust Engineering Limited in London in 1978. Following Selection Trust's acquisition by BP plc he held a senior role within BP Minerals International Limited in relation to the project evaluation and financing of a number of projects including the Bingham Canyon copper mine expansion, the Ridgeway and Greens Creek precious metals mines in the USA and Oryx in South Africa. He was also Investment Manager of BP Minerals International Limited's extensive share portfolio and an Alternate Director of Unisel, a listed South African gold mining company. Mr. Park then joined Cluff Mineral Exploration Limited as Commercial Director based in London but with executive secondments to the Cluff Group's operating subsidiaries in Australia and Zimbabwe.
Mr. Park joined SAMAX Resources Ltd when the company was founded in late 1989 as Executive Director where he was responsible for operations, finance and the company's East African assets including the acquisition and early gold discoveries at its Geita properties and at Golden Pride, which became Tanzania's first modern gold mine. SAMAX Gold Inc. was successfully listed on the Toronto Stock Exchange in December 1996 with a market capitalization of C$120 million and acquired two years later for more than C$200 million by Ashanti Goldfields (Canada) Inc.
"John is an excellent addition to our Technical Advisory Board," said John Icke, President and CEO of Resinco. "John's unique experience in global mining and finance operations combined with his superb technical knowledge and counsel should deliver significant value to Resinco shareholders. I look forward to having John's assistance on evaluating and structuring new investment opportunities with world class potential."
About Resinco(tm) Capital Partners Inc.
Resinco (Resource Investment Company) is a global investment company which 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.
RESINCO(tm) CAPITAL PARTNERS
800 W. Pender Street, Suite 1430
Vancouver, BC Canada
V6C 2V6
T 604 696-6515
T 1 877 687-5755
F 604 684-2990
www.resincocp.com
Source: Resinco(TM) Capital Partners Inc. (RIN - TSXV) www.resincocp.com
Maximum News Dissemination by Filing Services Canada Inc. *
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John Park Joins Technical Advisory Board
Vancouver, British Columbia CANADA, March 05, 2010 /FSC/ - Resinco(TM) Capital Partners Inc. (RIN - TSX, L6V1 - FWB), is pleased to announce the appointment of Mr. John Park as a new member of its Technical Advisory Board ("TAB"). The TAB is providing Resinco with advice, counsel, guidance and education related to the technical aspects of potential investments. Additionally, TAB members provide quality assurance related to the assessment of ongoing exploration programs in current investments. The TAB members receive a monthly retainer, options in Resinco and lead the technical due diligence of new deals. The TAB will also review on-going operational plans of investee companies. Resinco believes the TAB will deliver potential investment opportunities to Resinco through members' personal networks.
Mr. Park is currently a director of Golden Pacific Resources Limited in Australia and has held positions on the boards of AIM listed African Eagle Resources plc, Cambridge Mineral Resources plc, Hereward Ventures plc (now Encore Oil) as chairman and director. He has also been on the boards of Australian companies GoldFX Pty. Ltd. and Central Queensland Resources Ltd. (now Midas Resources) as well as being chairman and a director of ASX listed Tasman Goldfields Ltd. He was also previously a director of Canadian listed Longview Capital Partners Incorporated (currently Resinco) and Buffalo Gold Ltd.
Mr. Park graduated in metallurgy from the University of Queensland in 1971 and worked in mining and mineral processing operations in the UK, Australia and Zambia prior to joining Seltrust Engineering Limited in London in 1978. Following Selection Trust's acquisition by BP plc he held a senior role within BP Minerals International Limited in relation to the project evaluation and financing of a number of projects including the Bingham Canyon copper mine expansion, the Ridgeway and Greens Creek precious metals mines in the USA and Oryx in South Africa. He was also Investment Manager of BP Minerals International Limited's extensive share portfolio and an Alternate Director of Unisel, a listed South African gold mining company. Mr. Park then joined Cluff Mineral Exploration Limited as Commercial Director based in London but with executive secondments to the Cluff Group's operating subsidiaries in Australia and Zimbabwe.
Mr. Park joined SAMAX Resources Ltd when the company was founded in late 1989 as Executive Director where he was responsible for operations, finance and the company's East African assets including the acquisition and early gold discoveries at its Geita properties and at Golden Pride, which became Tanzania's first modern gold mine. SAMAX Gold Inc. was successfully listed on the Toronto Stock Exchange in December 1996 with a market capitalization of C$120 million and acquired two years later for more than C$200 million by Ashanti Goldfields (Canada) Inc.
"John is an excellent addition to our Technical Advisory Board," said John Icke, President and CEO of Resinco. "John's unique experience in global mining and finance operations combined with his superb technical knowledge and counsel should deliver significant value to Resinco shareholders. I look forward to having John's assistance on evaluating and structuring new investment opportunities with world class potential."
About Resinco(tm) Capital Partners Inc.
Resinco (Resource Investment Company) is a global investment company which 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.
RESINCO(tm) CAPITAL PARTNERS
800 W. Pender Street, Suite 1430
Vancouver, BC Canada
V6C 2V6
T 604 696-6515
T 1 877 687-5755
F 604 684-2990
www.resincocp.com
Source: Resinco(TM) Capital Partners Inc. (RIN - TSXV) www.resincocp.com
Maximum News Dissemination by Filing Services Canada Inc. *
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