Till Capital Commences Trading on the Nasdaq Listing
May 26 2015 - 11:56AM
Till Capital Ltd. (TSX.V:TIL) (Nasdaq:TIL) (the
"
Company" or "
Till"), a Bermuda
domiciled company, is pleased to announce that effective today, the
Company's shares have commenced trading on the Nasdaq Capital
Market under the ticker symbol "TIL".
The Company also announces the appointment of Ms. Laetitia
Hupman as Corporate Secretary. Ms. Hupman replaces Ms. Christina
Swan effective May 15, 2015. We thank Ms. Swan for her service to
the Company.
Laetitia Hupman, Corporate Secretary
Ms. Hupman brings extensive corporate secretarial knowledge to
her role as Corporate Secretary, having worked in both the Cayman
Islands and Bermuda over the past 15 year for large international
trust and corporate administration companies. Joining Compass
Administration in 2014, she provides corporate administration and
company secretarial support to exempt, insurance and segregated
account companies ensuring they comply with statutory and
regulatory requirements. Ms. Hupman holds a Bachelor of Business
Administration degree from Acadia University, Canada (2000) and is
an associate member of the Institute of Chartered Secretaries and
Administrators (Canada). She is the current Deputy Chair of the
Institute of Chartered Secretaries and Administrators (Canada) –
Bermuda Branch.
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 laws. These forward-looking statements are
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995, and
generally can be identified by phrases 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: For additional information:
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