Business
Resinco Capital Partners Provides Letter to Shareholders
Resinco Capital Partners Provides Letter to Shareholders
About this update from Xali Gold Corp.
[{"type":"text","content":"\nResinco Capital Partners Provides Letter to Shareholders\n\n\n May 17, 2010 (Filing Services Canada) -- Resinco(TM) Capital Partners Inc.  (RIN - TSX, L6V1 - FWB), (\"Resinco\" or the \"Company\") announces that the following letter has been mailed to its shareholders of record:Dear fellow shareholder,This letter represents our first shareholder communication featuring our new corporate identity. The transition to Resinco Capital Partners Inc. (\"Resinco\") from Longview Capital Partners Incorporated (\"Longview\") was announced in our last letter to you dated November 19th, 2009.The transition to Resinco was formally announced in a press release dated November 26, 2009 and the re-engineering and rebranding exercise was completed by December 1, 2009. This exercise resulted in a number of initiatives being introduced to include;* Company name change* Establishment of new trading symbols on the TSX (RIN) and Frankfurt (L6V) exchanges* Change in investment mandate* Publication of a new investment criteriaSince our last shareholder letter there are a number of key announcements we would like to share with you. They are as follows:1. Acquisition of the following securities.(i) Follow-on investment in Lions Gate Metals Inc. acquiring a further 97,000 common shares which increased Resinco's ownership position to 2,827,937 shares representing 27% of the issued and outstanding shares of the company.(ii) Acquisition of 2,000,000 common shares of Galena Capital Corp. representing 3.4% of the issued and outstanding shares of the company.(iii) Acquisition of 375,000 common shares and 187,500 common share warrants of Mesa Uranium Corp. representing 5.1% of the issued and outstanding shares of the company assuming the warrants are exercised.(iv) Acquisition of 375,000 common shares of Candente Gold Corp. and 187,500 common share warrants representing 1.1% of the issued and outstanding shares of the company assuming the warrants are exercised.(v) Acquisition of 2,500,000 common shares in Oriental Minerals Inc. as part of a $6.6 million private placement which was closed on December 17th, 2009. At closing Resinco owned 12.0% of the issued and outstanding shares of the company.(vi) Exercise of 3,724,741 Special Warrants in Woulfe Mining Corp. (formerly Oriental Minerals Inc.). Following exercise of these warrants Resinco owns 25,374,3...