World News: 12:00 GMT Friday 9th November 2018. [Mount Logan Capital Inc. via Globe Newswire via SPi World News]
TORONTO, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. () (“” or the “”) announces that it has reported a total and comprehensive loss for the three months ended September 30, 2018 of $342,000 or $0.02 per share compared to an income of $39,000 or $0.00 per share for the same period in 2017. For the nine months ended September 30, 2018, the loss was $954,000 or $0.05 per share compared to a loss of $286,000 or $0.02 per share for the same period in 2017. As of September 30, 2018, the Company had total assets of $43.4 million, liabilities of $28.3 million, shareholders’ equity of $15.0 million and a net asset value per share of $0.85 (including a value of $0.45 per share attributable to the Company’s interest in Cline Mining Corp.) The financial statements along with management’s discussion and analysis can be found on SEDAR () or on Mount Logan’s website ().
Mount Logan Capital Inc. (“Mount Logan”), formerly Marret Resource Corp., will continue to conduct the business of an investment firm primarily focused on investing in public and private debt securities, but will expand its focus from natural resource lending to a broader lending-oriented credit platform. The Company holds and will actively manage and monitor a seed portfolio of loans and other investments with credit-oriented characteristics. The Company intends to actively source, originate, evaluate, underwrite, monitor, and primarily invest in additional loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.
For further information please contact Dave Guebert, Chief Financial Officer, at .
Globe Newswire: 12:00 GMT Friday 9th November 2018
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