VANCOUVER, Nov. 1, 2016 /CNW/ - Itasca Capital Ltd. (TSX-V:
ICL) ("Itasca") today filed its unaudited condensed consolidated
interim financial statements for the nine months ended September 30, 2016 and the related Management
Discussion & Analysis – Quarterly Highlights, both of which are
available under Itasca's profile on SEDAR at www.sedar.com.
As of September 30, 2016, Itasca
reported total shareholders' equity of $13,550,228 with a book value per share of
$0.62 based on the then 21,810,626
issued and outstanding common shares.
ON BEHALF OF ITASCA CAPITAL LTD.
Larry G. Swets, Jr.
President and CEO
Neither 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.
CAUTIONARY NOTE
Book value per share is a non-IFRS measure calculated as the
total of shareholders' equity divided by the issued and outstanding
shares of Itasca. The term "book value per share" does not have any
standardized meaning according to IFRS and therefore may not be
comparable to similar measures presented by other companies. There
is no comparable IFRS measure presented in Itasca's unaudited
condensed consolidated interim financial statements and thus no
applicable quantitative reconciliation for such non-IFRS financial
measure. Itasca believes that book value can provide information
useful to its shareholders.
SOURCE Itasca Capital Ltd.
