|By Marketwired .||
|May 9, 2014 05:29 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/09/14 -- Marret Resource Corp. (TSX:MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive income for the three months ended March 31, 2014 of $3.3 million or $0.17 per share compared to a loss of $1.8 million or $0.09 per share in the first quarter of 2013. As of March 31, 2014, the Company had total assets of $125.6 million, liabilities of $24.1 million, shareholders' equity of $101.5 million and a net asset value per share of $5.23. The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Marret's website (www.marret.com).
About Marret Resource Corp.
Marret Resource Corp. is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.
Marret Asset Management Inc. is the Company's investment manager and is responsible for implementing Marret Resource Corp.'s investment strategy and managing its investment portfolio.
About Marret Asset Management Inc.
Marret Asset Management Inc. is the manager of the Fund and is 65% owned by CI Financial Corp. Marret and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies. Barry Allan, the President and Chief Investment Officer, founded Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr. Allan has over 30 years of experience in credit and fixed income markets.
About CI Financial Corp.
CI Financial Corp. is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.cifinancial.com.
To receive Marret Resource Corp. news, please subscribe to Marketwired's free news service (www.marketwired.com).
Marret Resource Corp.
Chief Executive Officer
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 27, 2016 08:00 PM EDT Reads: 1,895
May. 27, 2016 07:45 PM EDT Reads: 2,845
May. 27, 2016 07:00 PM EDT Reads: 2,147
May. 27, 2016 07:00 PM EDT Reads: 1,303
May. 27, 2016 07:00 PM EDT Reads: 1,287
May. 27, 2016 06:00 PM EDT Reads: 3,131
May. 27, 2016 06:00 PM EDT Reads: 2,022
May. 27, 2016 05:15 PM EDT Reads: 347
May. 27, 2016 05:00 PM EDT Reads: 2,362
May. 27, 2016 04:45 PM EDT Reads: 2,173
May. 27, 2016 04:45 PM EDT Reads: 1,561
May. 27, 2016 04:30 PM EDT Reads: 2,251
May. 27, 2016 04:00 PM EDT Reads: 2,466
May. 27, 2016 03:30 PM EDT Reads: 1,116
May. 27, 2016 03:30 PM EDT Reads: 2,187