Primary Corp.
TSX : PYC

Primary Corp.

June 29, 2011 18:54 ET

Primary Corp. Reports First Quarter Financial Results

TORONTO, ONTARIO--(Marketwire - June 29, 2011) - Primary Corp. (TSX:PYC) reports that it recorded a comprehensive loss of $95,000 during the quarter ended March 31, 2011. Net asset value per share was $1.601 at March 31, 2011 ($8.004 after giving effect to the 5 for 1 share consolidation).

Primary recently announced that it intends to shift its business strategy to place its principal focus on natural resource lending.

The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Primary's website (www.primarycorp.ca).

About Primary Corp.

Primary Corp. trades on The Toronto Stock Exchange under the symbol PYC. Primary's business is now primarily being directed to investing in public and private debt securities of and making term loans to companies in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development.

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The Toronto Stock Exchange has neither approved nor disapproved of the contents of this news release.

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