Resinco(r) Capital Partners Inc. Releases October 2013 Unaudited Net Asset Value Per Shareadmin
Resinco(r) Capital Partners Inc. Releases October 2013 Unaudited Net Asset Value Per Share
Vancouver, British Columbia CANADA, November 20, 2013 /FSC/ – Resinco(r) Capital Partners Inc. (RIN – TSX Venture, L6V1 – FWB), (“Resinco”) announces that it is publishing its net asset value (“NAV”) for the end of October 2013. As of October 31, 2013 Resinco’s unaudited NAV per share was $0.03. The closing price of $0.01 on October 31, 2013 represents a 66% discount to the NAV.
Use of Non-GAAP Financial Measures
NAV 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(r) 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(r) CAPITAL PARTNERS INC.:
President and CEO
For more information, please contact
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.
To view the press release as a PDF file, please click on the following link:
Source: Resinco(r) Capital Partners Inc. (RIN – TSXV) www.resincocp.com
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Posted: November 20th, 2013 under FSCWIRE.