Resinco® Capital Partners Inc. Releases June 2014 Unaudited Net Asset Value Per Share
July 18 2014 - 7:00AM
Business Wire
Resinco® Capital Partners Inc. ("Resinco") (TSXV:RIN) (FWB:L6V)
announces that it is publishing its net asset value (“NAV”) for the
end of June 2014. As of June 30, 2014 Resinco’s unaudited NAV per
share was $0.027. The closing price of $0.005 on June 30, 2014
represents an 81% discount to the NAV.
Resinco also announces that it has decided to no longer publish
its NAV calculation. The Company’s NAV per share has not fluctuated
significantly over the past 12 months. In addition, no longer
publishing our monthly NAV represents an ongoing cost saving
measure for the Company. This news release will be the Company’s
final published monthly NAV.
Use of Non-GAAP Financial MeasuresNAV is a non-GAAP financial
measure calculated as the value of total assets less the value of
total liabilities divided by the total number of common shares
outstanding as at a specific date. The term NAV does not have any
standardized meaning according to GAAP and therefore may not be
comparable to similar measures presented by other companies. There
is no comparable measure presented in Resinco’s financial
statements and thus no applicable quantitative reconciliation for
such non-GAAP financial measure.
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 DirectorsRESINCO® CAPITAL PARTNERS
INC.:
Lex PoulusInterim President and CEO
For more information, please contactDoris Meyer,
604-536-2711
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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.
Resinco® Capital Partners Inc.Doris Meyer, 604-536-2711