VANCOUVER, British Columbia--(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 February 2014. As of February 28, 2014 Resinco’s unaudited NAV per share was $0.027. The closing price of $0.01 on February 28, 2014 represents a 63% 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
For more information, please contact
Resinco
John Icke
President
and CEO
604-696-6515
info@resincocp.com
www.resincocp.com
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.