Stocks and Investing Stocks and Investing
Thu, August 23, 2012
Wed, August 22, 2012
[ Wed, Aug 22nd 2012 ] - Market Wire
Market Activity
Tue, August 21, 2012
Mon, August 20, 2012
[ Mon, Aug 20th 2012 ] - Market Wire
Drilling Under Way
Sun, August 19, 2012
Sat, August 18, 2012
Fri, August 17, 2012
Thu, August 16, 2012
Wed, August 15, 2012

Resinco(R) Capital Partners Inc. Releases July 2012 Unaudited Net Asset Value Per Share


//stocks-investing.news-articles.net/content/201 .. ly-2012-unaudited-net-asset-value-per-share.html
Published in Stocks and Investing on Monday, August 20th 2012 at 13:31 GMT by Market Wire   Print publication without navigation


August 20, 2012 16:05 ET

Resinco® Capital Partners Inc. Releases July 2012 Unaudited Net Asset Value Per Share

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2012) - Resinco® Capital Partners Inc. ("Resinco") (TSX:RIN)(FRANKFURT:L6V) announces that it is publishing its net asset value (NAV) for the end of July 2012. As of July 31st, 2012 Resinco's unaudited NAV per share was $0.066. The closing price of $0.03 on July 31st, 2012 represents a 55% 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® 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.




Publication Contributing Sources