VANCOUVER, BRITISH COLUMBIA, Jan 12, 2011 (Marketwire via COMTEX News Network) --Resinco(R)Capital Partners Inc. ("Resinco") (TSX:RIN)(FRANKFURT:L6V) announcesthat on January 6, 2011, it acquired ownership of an additional1,500,000 common shares of Pacific Coast Nickel Corp. ("NKL") priced at
.07 per share and 1,500,000 common share purchase warrants("Warrants") exercisable, for a period of two years, into an equalnumber of common shares at
.10 per Warrant.
Prior to this transaction, Resinco owned or controlled 10,768,500 common shares of NKL.
Asa result of this transaction, Resinco held, as at January 6, 2011,12,268,500 common shares of NKL, representing 22.02% of all issued andoutstanding common shares of NKL. If all the Warrants were to beexercised, Resinco's holdings would total 13,678,500 common shares ofNKL, or approximately 23.91% of all issued and outstanding common sharescalculated on a partially diluted basis assuming the exercise ofResinco's warrants only.
This transaction was made for investmentpurposes and Resinco could increase or decrease its investments in NKLdepending on market conditions or any other relevant factors.
About Resinco(R) Capital Partners Inc.
Resinco(Resource Investment Company) is a global investment company thatspecializes in providing early stage financing to private and publicexploration and mining companies in the hard rock minerals, preciousmetals, rare-earth minerals, oil, gas, water and renewable energymarkets.
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
Statementsin this news release, other than purely historical information,including statements relating to the Company's future plans andobjectives or expected results, constitute Forward-looking statements.Such statements are based on numerous assumptions and are subject to allthe 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 inthe forward-looking statements.
SOURCE: Resinco Capital Partners Inc.
ResincoCapital Partners Inc. Mike Rodger Investor Relations 604-696-6515 or1-877-687-5755 604-684-2990(FAX) info@resincocp.com www.resincocp.com
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