SOURCE: Russell Breweries Inc.

Russell Breweries Inc.

November 28, 2017 17:14 ET

Russell Breweries Inc. Announces Q1 Fiscal 2018 Results Company Reports $113,577 Net and Comprehensive Loss

VANCOUVER, BC--(Marketwired - November 28, 2017) - Russell Breweries Inc. (NEX BOARD: RB.H) releases its financial results for the first quarter of Fiscal 2018 ("Q1 2018F"), ended September 30, 2017.

The Company reports net and comprehensive loss of $113,577 for Q1 2018F compared to net and comprehensive income of $311,935 for the first quarter of Fiscal 2017 ended September 30, 2016.

Q1 Fiscal 2018 Highlights

Subsequent to the disposals of substantially all of the assets related to its Fort Garry Brewing and Russell Brewing operating business in December 2016, the Company ceased operations and became inactive.

As at September 30, 2017, the Company had a positive working capital of $3,162,320. The Company has $1,596,680 of cash and cash equivalents.

For further details the Company's complete MD&A and financial statements for the three months ended September 30, 2017 and 2016 are available on SEDAR at www.sedar.com.

Additional Information

Russell Breweries Inc. is a public company trading on the NEX board of the TSX Venture Exchange under the symbol "RB.H".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For more information, please contact:
    Benjamin Li Yu
    CEO
    Russell Breweries Inc.
    Tel: 604.599.1190
    Fax: 604.596.1048
    benjamin.yu@russellbeer.com