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Resinco(r) Capital Partners Inc. Releases February 2014 Unaudited Net Asset Value per Share

PR-Inside.com: 2014-03-20 12:02:34
White Rock, British Columbia (FSCwire) - Resinco® Capital Partners Inc. ("Resinco") 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.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/resinco03202014.pdf

Source: Resinco Capital Partners Inc. (TSX Venture:RIN) www.resincocp.com/s/Home.asp

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Copyright © 2014 Filing Services Canada Inc.

Press Information


Published by
Fred Gautreau
14037173898
e-mail
www.fscwire.com



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