Till Capital Announces Nasdaq Listing
May 21 2015 - 8:00AM
Till Capital Ltd. (TSX-V:TIL) (the
"
Company" or "
Till"), a Bermuda
domiciled company, is pleased to announce that effective Tuesday,
May 26th, 2015, the Company's shares will begin trading on the
Nasdaq Capital Market under the ticker symbol "TIL".
"We are extremely pleased to be listed on the Nasdaq Stock
Market, an important step in our overall corporate strategy to
build awareness of Till Capital within the U.S. investment
community," said William M. Sheriff, Chairman & Chief Executive
Officer. "This listing is an integral step in the success of the
Company, giving us access to the world's largest investment
community. As an innovative financial company, we will benefit
substantially from the greater liquidity and investor awareness
that comes from listing on the prestigious Nasdaq
exchange. This listing adds to the many recent milestones
achieved by Till, including the transition to a reinsurance
company, the acquisition of Omega Insurance Holdings Inc. and the
implementation of our unique investment strategy."
Till Capital Ltd.
Till Capital Ltd. is a Bermuda-domiciled company with two
wholly-owned subsidiaries, Omega Insurance Holdings Inc. and
Resource Re Ltd. Omega Insurance Holdings Inc. owns Omega
General Insurance Company, a Canadian insurance company offering
innovative and customized insurance industry solutions, including
fronting and run-off services for insurers/reinsurers, within the
Canadian marketplace. Omega Insurance Holdings Inc. also
operates Focus Group Inc., a consulting and project management
company servicing the local and international needs of its Property
Casualty Insurance clients. Resource Re Ltd. is a Bermuda-domiciled
reinsurance company regulated by the Bermuda Monetary Authority
with a Class 3A insurance license directed to underwrite
reinsurance policies within a long term investment strategy.
Through its regulated subsidiaries, the Company has been structured
to produce underwriting profits as well as above average returns on
assets under management.
Cautionary Note
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.
CONTACT: Till Capital Ltd.
William M. Sheriff
Chairman and Chief Executive Officer
(208) 635-5415
info@tillcap.com
www.tillcap.com
Till Capital (TSXV:TIL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Till Capital (TSXV:TIL)
Historical Stock Chart
From Jul 2023 to Jul 2024