|By Marketwired .||
|July 30, 2014 05:49 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/30/14 -- Marret Resource Corp. (TSX: MAR) ("Marret" or the "Company") announces that it has reported a total comprehensive loss for the three months ended June 30, 2014 of $0.2 million ($0.01 per share) compared to a loss of $6.8 million ($0.35) per share in the second quarter of 2013. Included in the loss for the current quarter is an unrealized valuation writedown of the Company's investment in Cline Mining of $2.1M. For the six months ended June 30, 2014, Marret reported a total comprehensive income of $3.1 million ($0.16 per share) compared to a loss of $8.6 million ($0.44 per share) for the comparative period in 2013. As of June 30, 2014, the Company had total assets of $122.4 million, liabilities of $22.5 million, shareholders' equity of $99.9 million and a net asset value per share of $5.15. 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 Company. 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.
To receive Marret Resource Corp. news, please subscribe to Marketwired's free news service (www.marketwired.com).
Marret Investor Services
May. 30, 2016 03:00 PM EDT Reads: 2,073
May. 30, 2016 02:00 PM EDT Reads: 3,067
May. 30, 2016 01:30 PM EDT Reads: 1,132
May. 30, 2016 12:00 PM EDT Reads: 4,116
May. 30, 2016 12:00 PM EDT Reads: 802
May. 30, 2016 12:00 PM EDT Reads: 1,498
May. 30, 2016 11:30 AM EDT Reads: 774
May. 30, 2016 11:30 AM EDT Reads: 1,473
May. 30, 2016 11:15 AM EDT Reads: 1,349
May. 30, 2016 11:00 AM EDT Reads: 2,581
May. 30, 2016 10:45 AM EDT Reads: 2,069
May. 30, 2016 10:00 AM EDT Reads: 2,306
May. 30, 2016 09:15 AM EDT Reads: 2,841
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
May. 30, 2016 09:15 AM EDT Reads: 2,391
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 30, 2016 09:00 AM EDT Reads: 1,455