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Itasca Capital Files Second Quarter Financial Statements for the Period Ended June 30, 2018 and Declares Special Dividend
Itasca Capital Files Second Quarter Financial Statements for the Period Ended June 30, 201...
About this update from Greenfirst Forest Products Inc
[{"type":"text","content":"\n\n\n\nItasca Capital Files Second Quarter Financial Statements for the Period Ended June 30, 2018 and Declares Special Dividend\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 13, 2018\n\n\n\nVANCOUVER, July 13, 2018 /CNW/ - Itasca Capital Ltd. (TSX-V: ICL) (\"Itasca\" or \"Company\") today filed its unaudited interim financial statements for the six months ended June 30, 2018 and the related management discussion & analysis, both of which are available under Itasca's profile on SEDAR at www.sedar.com. All amounts are in Canadian dollars unless indicated otherwise.\n\nThe Company reported net loss attributable to common shareholders of $0.1 million, or $0.005 loss per share in the second quarter of 2018, primarily due $0.5 million unrealized loss incurred on the Company's investment in 1347 Investors LLC, partially mitigated by a foreign exchange gain of $0.4 million. Itasca incurred net loss attributable to common shareholders of $3.9 million, or $0.18 loss per share in the second quarter of 2017.\n\nAs of June 30, 2018, Itasca reported total shareholders' equity of $21.2 million with a book value per share of $0.97 based on the 21,810,626 issued and outstanding common shares.\n\nThe Company is also pleased to announce that its Board of Directors declared today a special cash dividend of $0.15 per common share to be paid on August 10, 2018 to shareholders of record on July 25, 2018.\n\nManagement Comments:Larry G. Swets, Jr., Chief Executive Officer and Director, stated, \"We are pleased to announce the special dividend, which is a result of gains we have generated from our investment in 1347 Investors LLC. We continue to analyze further value-enhancing opportunities for our Company and shareholders.\"\n\nNeither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.\n\nCAUTIONARY NOTEBook value per share is a non-IFRS measure calculated as the total of shareholders' equity divided by the issued and outstanding shares of...