Primary Corp.
TSX : PYC

Primary Corp.

August 13, 2011 01:36 ET

Primary Corp. Reports Second Quarter Financial Results

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2011) - Primary Corp. (TSX:PYC) reports that it recorded a comprehensive loss of $1,585,000 during the quarter ended June 30, 2011. Net asset value per share was $6.662 at June 30, 2011. Realized gains on sales of investments $95,000 were offset by unrealized declines in value of the investment portfolio.

Primary is in the process of shifting its business strategy to place its principal focus on natural resource lending. With the cash resources provided in its recent financing, the company is well positioned to take advantage of opportunities that are identified.

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.

To receive Primary Corp. news, please subscribe to Marketwire's free news service (www.marketwire.com).

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

Contact Information