May 27, 2010 (Filing Services Canada) -- Resinco(TM) Capital Partners Inc. (RIN - TSX, L6V1 - FWB), ("Resinco") announces that on May 18, 2010, it acquired ownership of 1,143,000 common shares ("Common Shares") and 571,500 common share purchase warrants (the "Warrants") of Source Exploration Corp. ("Source"). Each Warrant entitles the holder to purchase one additional common share of Source at a price of $0.30 per share until May 18, 2012. As a result of this transaction, Resinco held, as at May 19, 2010, 3.9% of Source. In the event that the Warrants are fully exercised, the holdings of Resinco would represent a total of 1,714,500 common shares of Source, or approximately 5.7% of all issued and outstanding common shares as at May 19, 2010 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 Source depending on market conditions or any other relevant factors.
About Resinco(tm) 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(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
Suite 1430
800 W. Pender Street,
Vancouver, BC Canada V6C 2V6F
Source: Resinco(TM) Capital Partners Inc. (RIN - TSXV) www.resincocp.com
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