Canada NewsWire
TORONTO, Nov. 24, 2017
TORONTO, Nov. 24, 2017 /CNW/ - Fountain Asset Corp. ("Fountain Asset") (TSX Venture Exchange "FA") announces its financial results for the third quarter ending September 30, 2017.
Highlights
Management's Third Quarter Comments
For the nine months ending September 30, 2017, the Company reported total revenue of $1,438,757 compared to $1,925,907 in the prior year's first nine months. Net comprehensive income for the first nine months was $3,501,387 compared to $1,196,037 in the prior year's first nine months. As at September 30, 2017, the Company's adjusted net asset per share was at $0.38 compared to $0.31 at the end of December 31, 2016.
A full set of unaudited financial statements and related notes have been filed on SEDAR.
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.
Neither TSX Venture Exchange Inc. 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.
SOURCE Fountain Asset Corp.
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