VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2012) - Resinco® Capital Partners Inc. (TSX:RIN)(FRANKFURT:L6V) ("Resinco" or the "Company") is pleased to announce that its shareholders voted in favour of all resolutions brought before them at the Company's Annual General and Special Meeting of Shareholders held today in Vancouver.
Hein Poulus, John Icke, Alexander Poulus, Ronald Shorr and Michael Hitch were re-elected to the Company's Board of Directors for the ensuing year and PricewaterhouseCoopers LLP were re-appointed as the Company's auditors for the 2012 fiscal year. Shareholders approved Resinco's 2012 "rolling" incentive stock option plan, and also approved the ratification of prior grants of options to purchase an aggregate of 5,140,000 common shares. Finally, shareholder approval was received for a consolidation of Resinco's issued and outstanding common shares, at the discretion of the Company's directors, on the basis of one (1) post-consolidation common share for every three (3) pre-consolidation common shares issued and outstanding.
Resinco today also announces that it has granted 130,000 incentive stock options to employees and consultants of the Company at a price of $0.04 per share for the next 5 years.
About Resinco® 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® CAPITAL PARTNERS INC.:
John Icke, President and CEO
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.