Nov. 2, 2010 (Filing Services Canada) -- Resinco(TM) Capital Partners Inc. (RIN - TSX, L6V1 - FWB), ("Resinco") announces that on October 25, 2010, it acquired ownership of an additional 1,666,667 common shares ("Common Shares") priced at $0.15 and 1,666,667 common share purchase warrants ("Warrants") priced at $0.20 of Terreno Resources Corp. ("Terreno").
Prior to this transaction, Resinco owned or controlled 5,621,600 common shares of Terreno.
As a result of this transaction, Resinco held, as at October 25, 2010, 7,288,267 common shares of Terreno, representing 12.04% of all issued and outstanding common shares of Terreno as at October 25, 2010. If the Warrants were exercised, Resinco's holding would total 9,074,934 common shares of Terreno, or approximately 14.99% of all issued and outstanding common shares calculated on a partially diluted basis assuming the exercise of the Warrants only.
This transaction was made for investment purposes and Resinco could increase or decrease its investments in Terreno depending on market conditions or any other relevant factors.
About Resinco(r) 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(r) 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.
Source: Resinco(TM) Capital Partners Inc. (RIN - TSXV) www.resincocp.com
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