Primary Corp.

Primary Corp.

July 05, 2012 16:29 ET

Primary Corp. Announces Name Change to "Marret Resource Corp."

Shares to Begin Trading Under New Symbol: "MAR"

TORONTO, ONTARIO--(Marketwire - July 5, 2012) - Primary Corp. (TSX:PYC) (the "Company") announces that the Company has changed its name to "Marret Resource Corp." and that effective July 6, 2012 its common shares will begin trading on the TSX under the symbol "MAR" and its common share purchase warrants will begin trading on the TSX under the symbol "MAR.WT".

About Marret Resource Corp.

Marret Resource Corp. is focused on natural resource lending. Marret Resource's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource‐related businesses and investing in public and private equity and quasi‐equity securities. Marret Resource seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.

Marret Asset Management Inc. is responsible for implementing Marret Resource's investment strategy and managing Marret Resource's investment portfolio.

About Marret Asset Management Inc.

Marret is an employee-owned firm based in Toronto and has over $6.0 billion of assets under management. Marret and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies.

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Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements relating to the Company's future outlook and anticipated events or results and statements regarding the Company's future financial position, business strategy, budgets, financial results, plans and objectives and statements regarding the market and economic conditions. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such risks include, but are not limited to, market and economic conditions and the other risks identified in the Company's annual information form under the heading "Risk Factors". There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • Primary Corp.
    Barry Allan
    President and Chief Executive Officer