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Resinco(r) Capital Partners Inc. Releases Q3 2010 Results
Resinco(r) Capital Partners Inc. Releases Q3 2010 Results
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"\nResinco(r) Capital Partners Inc. Releases Q3 2010 Results\n\n\n Nov. 15, 2010 (Filing Services Canada) -- Resinco(TM) Capital Partners Inc.  (RIN - TSX, L6V1 - FWB), (\"Resinco\" or the \"Company\") announces its financial results for the nine months ended September 30, 2010.  The Company posted a net loss of $2,000 ($0.00 per share (basic)), versus a net income of $320,000 ($0.02 per share (basic)) for the same period in 2009.  At period end, the Company held investments with a fair value of $12.4 million ($0.10 per share), compared to $16.9 million ($0.14 per share) at December 31, 2009.  Resinco realized gains of $62,000 on the sale of marketable securities during the quarter and recorded unrealized investment gains of $416,000, compared to realized gains of $0 and unrealized gains of $893,000 for the same period in 2009.  Mr. Icke, President and CEO of Resinco stated commenting on the Company's performance, \"During the third quarter, Resinco made some strategic follow-on investments. The developments in our portfolio of investments were particularly significant this quarter. This included closing of financings for Salmon River, Pacific Coast Nickel and Teslin River, and the announcement of financings for the rebranded Terreno Resources and Cue Resources which have subsequently closed in the case of Terreno and Cue has received Exchange approval for a $2.75 million financing. Woulfe Mining continues to make excellent progress in South Korea both at its signature Sangdong tungsten/molybdenum project and also it achieved initial positive drill results at its Maguk gold property. There has been significant progress with some of the companies in the private portion of our portfolio. Finally, Tanzania Minerals achieved its IPO goal and we expect much improved performance on a go-forward basis.\"About Resinco(r) 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 DirectorsRESINCO(r) CAPITAL PARTNERS INC.:John Icke President and CEOFor more...