Resinco® Capital Partners Inc. Releases December 2012 Unaudited Net Asset
Value Per Share
VANCOUVER, British Columbia -- January 18, 2013
Resinco® Capital Partners Inc. (TSX:RIN; FWB: L6V)("Resinco") announces that
it is publishing its net asset value (NAV) for the end of December 2012. As of
December 31^st, 2012 Resinco’s unaudited NAV per share was $0.084. The closing
price of $0.04 on December 31^st, 2012 represents a 52% 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.:
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 this press release as a webpage please click on the following link:
Resinco® Capital Partners Inc.
John Icke, 604-696-6515
President and CEO
Press spacebar to pause and continue. Press esc to stop.