65 Front Street East, Suite 304, Toronto, Ontario, M5E 1B5
RENFORTH ISSUES SHARES TO COMPLETE TRANSACTIONS Toronto, Ontario, January 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.
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).
For further information please contact:
David Danziger
President and Chief Executive Officer
T: (416) 368.5049
F: (416) 368.3151
E: info@renforthresources.com
Neil Simon
Principal
T: (647) 258-3311, (888) 258-3323
F: (416) 363-7977
E: nsimon@investor3.ca
No securities regulatory authority has approved or disapproved of the contents of this news release.
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