Resinco Capital Partners Inc. Releases Q2 2012 Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/23/12 -- Resinco® Capital Partners Inc. ("Resinco" or the "Company") (TSX: RIN)(FRANKFURT: L6V) announces its financial results for the three months ended June 30, 2012. The Company posted a net loss of $6,849,000 ($0.06 per share (basic)), versus a net loss of $5,919,000 ($0.05 loss per share (basic)) for the same period in 2012. At period end, the Company held investments with a fair value of $8.7 million ($0.071 per share), compared to $15.5 million ($0.125 per share) at March 31, 2012.
Resinco realized a loss of $3,447,000 on the sale of marketable securities during the quarter and recorded an unrealized investment gain of $2,961,000, compared to a realized gain of $425,000 and an unrealized loss of $5,896,000 for the same period in 2011.
John Icke, President and CEO commented: "The second quarter of 2012 proved to be very challenging for all investors in the natural resource sector. Investor confidence remains low with no immediate signs of improvement. We expect current conditions to continue to prevail throughout the third quarter although the cash requirements of many junior resource sector entities should stimulate investment opportunities in the latter part of the third quarter and into the fourth."
About Resinco® Capital Partners Inc.
Resinco (Resource Investment Company) is a global investment company which 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 .
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.
Contacts:
Resinco Capital Partners Inc.
John Icke
President and CEO
604-696-6515 or T: 1-877-687-5755
604-684-2990 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 23.07.2012 - 20:05 Uhr
Sprache: Deutsch
News-ID 167767
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Venture Capital
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