HAMILTON, Bermuda--(BUSINESS WIRE)--Till Capital Ltd. (TSX.V: TIL) (the “Company” or “Till”), announces that it will host an investor conference call at 8 AM PST (11 AM EST) on Tuesday, September 9th, 2014 to discuss the first quarter earnings and financial results along with other corporate developments.
Financial highlights for Till Capital for the first quarter ended June 30, 2014 include:
- Pre-tax income, before reorganization related charges, of $1.0 million, or $0.33 per share;
- Net income of $2.0 million, or $0.69 per share;
- $33.7 million in cash and marketable securities;
- Shareholders’ equity of $50.6 million.
Till’s book value per share was stated in NR14-06 as $17.45 as of June 30, 2014, the correct book value should have been stated as $14.02. All figures are in Canadian dollars unless otherwise indicated.
Financial statements are available under the Company’s profile on SEDAR at www.sedar.com.
To participate in the conference call and webcast please use one of the following methods:
Conference Call Details - Till Capital Ltd. Investor Call:
Conference ID # 94338718
Local Dial in Number: 416-764-8688
Toll Free Dial in Number: 888-390-0546
Participants should connect five to ten minutes before the call. A question and answer period will follow a brief presentation.
A replay of the call will be available by telephone at the following:
Playback Local Number: 416-764-8677
Playback Toll Free Dial in Number: 888-390-0541
Playback PIN#: 338718
The conference call will be recorded, and an archived audio webcast will be available at www.tillcap.com through September 9th, 2015.
Till Capital Ltd.
Till Capital is a unique Bermuda-domiciled company engaged in the reinsurance business through its wholly-owned subsidiary Resource Re supported by a hybrid investment strategy. This non-traditional approach creates a company with diversified investments including royalties and physical gold, well-positioned for future growth through access to and strategic deployment of capital. Our goal: to maximize opportunity; mitigate risk; and invest in assets and opportunities with significant upside potential.
For additional information:
At this time, the Company has no current plans to provide earnings guidance due to the volatility of investment returns.
The Till Capital shares are restricted voting shares, whereby no single shareholder of Till Capital is able to exercise voting rights for more than 9.9% of the voting rights of the total issued and outstanding Till Capital shares (the “9.9% Restriction”). However, if any one shareholder of Till Capital beneficially owns, or exercises control or direction over, more than 50% of the issued and outstanding Till Capital shares, the 9.9% Restriction will cease to apply to the Till Capital shares.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Till Capital or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Trading in the securities of Till Capital should be considered speculative.
Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Bermuda Monetary Authority accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” occur. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Till Capital assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.