FSC / Press Release
Resinco(r) Capital Partners Inc. Releases January 2013 Unaudited Net Asset Value
Vancouver, British Columbia CANADA, February 20, 2013 /FSC/ - Resinco(r) Capital
Partners Inc. (RIN - TSX, L6V - FWB)("Resinco") announces that it is publishing
its net asset value (NAV) for the end of January 2013. As of January 31st, 2013
Resinco's unaudited NAV per share was $0.057. The closing price of $0.03 on
January 31st, 2013 represents a 47% 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(r) 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(r) CAPITAL PARTNERS INC.:
President and CEO
For more information, please contact
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.
This press release is available in PDF. Please click on the following link to
view the PDF file:
Source: Resinco(r) Capital Partners Inc. (RIN - TSXV) www.resincocp.com
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-0- Feb/20/2013 11:59 GMT
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