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18.04.2011
Resinco® Capital Partners Inc. Releases March 2011 Net Asset Value
Resinco® Capital Partners Inc. Releases March 2011 Net Asset Value
VANCOUVER, BRITISH COLUMBIA--(April 15, 2011) - Resinco® Capital Partners Inc. ("Resinco") (TSX:RIN)(FRANKFURT:L6V) announces that it is publishing its net asset value (NAV) for the end of March, 2011. As of March 31st, 2011 Resinco's unaudited NAV per share was $0.155. The closing price of $0.11 on March 31st, 2011 represents a 29.0% 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.
Resinco also advises that it has granted incentive stock options to a director and a consultant of the Company, entitling them to purchase a total of up to 350,000 common shares of the capital stock in the Company at a price of $0.105 per share for the next 5 years.
The option grant is subject to regulatory approval.
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 Directors
RESINCO® CAPITAL PARTNERS INC.:
John Icke, 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.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Resinco
Mike Rodger
Investor Relations
604-696-6515 or Toll Free: 1-877-687-5755
604-684-2990 (FAX)
info@resincocp.com
www.resincocp.com
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VANCOUVER, BRITISH COLUMBIA--(April 15, 2011) - Resinco® Capital Partners Inc. ("Resinco") (TSX:RIN)(FRANKFURT:L6V) announces that it is publishing its net asset value (NAV) for the end of March, 2011. As of March 31st, 2011 Resinco's unaudited NAV per share was $0.155. The closing price of $0.11 on March 31st, 2011 represents a 29.0% 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.
Resinco also advises that it has granted incentive stock options to a director and a consultant of the Company, entitling them to purchase a total of up to 350,000 common shares of the capital stock in the Company at a price of $0.105 per share for the next 5 years.
The option grant is subject to regulatory approval.
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 Directors
RESINCO® CAPITAL PARTNERS INC.:
John Icke, 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.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Resinco
Mike Rodger
Investor Relations
604-696-6515 or Toll Free: 1-877-687-5755
604-684-2990 (FAX)
info@resincocp.com
www.resincocp.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA76112T1012">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA76112T1012</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.