Renforth Resources Inc.
CNSX : RFR

Renforth Resources Inc.

January 24, 2012 17:30 ET

Renforth Issues Shares to Complete Transactions

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2012) - Renforth Resources Inc. ("Renforth" or the "Company")(CNSX:RFR) announces that it has issued a total of 11,275,530 common shares of the Company to complete certain strategic transactions.

Pursuant to an agreement relating to certain mineral claims in the James Bay Lowlands area of northern Ontario, the Company issued 6,915,530 of its common shares to Greenstone Exploration Company Ltd.

Renforth, pursuant to the New Alger Gold Joint Venture Project, a joint venture with Cadillac Ventures Inc., issued 1,000,000 of its common shares per the agreement.

The Company has issued 1,360,000 of its common shares to a consultant pursuant to a debt settlement.

Renforth, in respect of the Kyle Kimberlite Joint Venture Diamond Project has issued a total of 2,000,000 shares; 1,000,000 of its common shares to each of the parties in the agreement being Spider Resources Inc. (now Cliffs Natural Resources Inc.) and KWG Resources Inc. pursuant to this option agreement.

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based base and precious metals and diamond exploration Company with significant concessions in the Cadillac Break, Val D'Or, Northern Quebec (New Alger Joint Venture Gold Project); mid-western Spain (Mina Maria Luisa Project); and the McFaulds Lake "Ring of Fire" discovery area of north-eastern Ontario (Kyle Diamond Project, Salna Claims and James Bay Lowlands Group of Claims).

No securities regulatory authority has approved or disapproved of the contents of this news release.

Contact Information

  • Renforth Resources Inc.
    David Danziger
    President and Chief Executive Officer
    (416) 368.5049
    (416) 368.3151 (FAX)
    info@renforthresources.com

    Investor Cubed Inc.:
    Neil Simon
    Principal
    (647) 258-3311, (888) 258-3323
    (416) 363-7977 (FAX)
    nsimon@investor3.ca