Marret Resource Corp. Releases 2017 Year End Financial Statements

Apr 02, 2018

TORONTO, April 02, 2018 (GLOBE NEWSWIRE) -- Marret Resource Corp. (TSX:MAR) (“Marret” or the “Company”) announces that it has reported a total and comprehensive loss for the year ended December 31, 2017 of $162,000 or $0.01 per share compared to an income of $1,349,000 or $0.08 per share for the same period in 2016. As of December 31, 2017, the Company had total assets of $16.3 million, liabilities of $0.3 million, shareholders’ equity of $16.0 million and a net asset value per share of $0.90 (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 (www.sedar.com) or on Marret’s website (www.marret.com).

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