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VANCOUVER, British Columbia, April 06, 2020 (GLOBE NEWSWIRE) -- Resinco Capital Partners Inc. (CSE: RIN, OTC: RSCZF, FRANKFURT: L6V1) (the “Company” or “Resinco”) is pleased to announce that it intends to complete a non-brokered private placement financing of up to 20,000,000 units (the “Units” and each individually, a “Unit”). Each Unit is comprised of one common share of the Company (a “Common Share”) at a price of $0.10 per Common Share and one-half of one Common Share purchase warrant at a price of $0.20 for gross proceeds of up to $2,000,000 (the “Offering”). Each whole warrant will be exercisable for a period of 24 months from the closing of the Offering. The Company intends to use the net proceeds of the Offering for pursuing investment opportunities and general corporate purposes.
The Company also announces that it has commenced its due diligence and research procedures in search of new investment opportunities in the Healthcare Sector to diversify and strengthen its existing portfolio. The Company’s management team and board of directors will remain the same as it pursues new opportunities in the Healthcare Sector.
The initiative by the company to enter the Healthcare Sector is a reflection of its focus on innovative new markets. The company is moving forward to explore exciting new opportunities in the Healthcare Sector and hopes to find additional investments in the near future.
Alex Somjen, President and CEO of Resinco said, “The Healthcare Sector, especially as it relates to detection of and protection against epidemics and pandemics is an opportunity for Resinco to unlock value for shareholders as per its mandate, but more importantly, to help combat the challenging situation the world now finds itself in as a result of the COVID-19 virus. We are looking forward to exploring numerous opportunities in this space”.
All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Finder’s fees may be paid to eligible finders in accordance with the policies of the CSE.
About Resinco
Resinco Capital Partners is a global investment company which specializes in providing early stage financing to private and public companies. The Company engages in new, early stage investment opportunities in previously underdeveloped assets and obtaining positions in early stage investment opportunities that adequately reflect the risk profile.
RESINCO CAPITAL PARTNERS INC.:
Company Contact:
Tel: 416-319-5744
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com