Hamilton, Bermuda (FSCwire) - Till Capital Ltd. (TSX.V: TIL) (the “Company” or “Till"), announces that it intends to make a normal course issuer bid for up to 311,000 of its issued and outstanding common shares, being approximately 8.6% of the Company's currently outstanding common shares.  As at September 5^th there were 3.6 million shares of Till outstanding. The board of directors of the Company believes that the current and recent market prices for the Company's common shares do not give full effect to their underlying value and that, accordingly, the purchase of common shares under the bid will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. All common shares of the Company purchased by Till under the bid will be purchased at the prevailing market price, returned to treasury and cancelled.

The Company also believes the normal course purchases will also afford an increased degree of liquidity to current shareholders who would like to dispose of their shares and will serve to stabilize the market price for the Company's shares. The bid will commence no earlier than three trading days following receipt of approval of the TSXV and will terminate one year from such date, or such earlier time as the applicable bid is completed or at the option of the Company.  The Company has not purchased any of its shares in the last 12 months. 

Purchases subject to the bid will be carried out pursuant to open market transactions through the facilities of the TSXV by Canaccord Genuity Group Inc. Ltd on behalf of Till.   Commencement of the bid is subject to the approval of the TSX Venture Exchange (the “TSXV”). 

Investors Conference Call: 11 AM EST/8 AM PST Tuesday September 9^th, 2014

Till will be hosting an audio webcast call on Tuesday, September 9^th, 2014 at 8 AM Pacific Daylight Time (11 AM Eastern Daylight Time) to discuss the first quarter earnings and financial results along with other corporate developments.

Financial highlights for Till Capital for the first quarter ended June 30, 2014 include:

• Pre-tax income, before reorganization related charges, of $1.0 million,  or $0.33 per share;
• Net income of $2.0 million, or $0.69 per share;
• $33.7 million in cash and marketable securities;
• Shareholders’ equity of $50.6 million.

Till’s book value per share was stated in NR14-06 as $17.45 as of June 30, 2014, the correct book value should have been stated as $14.02. All figures are in Canadian dollars unless otherwise indicated.

Financial statements are available under the Company’s profile on SEDAR at www.sedar.com.

To participate in the conference call and webcast please use one of the following methods:

Conference Call Details - Till Capital Ltd. Investor Call:
 

Webcast Details
Webcast URL: http://event.on24.com/r.htm?e=843703&s=1&k=C55BFD6458E98CF9C78E7E90D35C2A80

Participants should connect five to ten minutes before the call. A question and answer period will follow a brief presentation.

A replay of the call will be available by telephone at the following:

The conference call will be recorded, and an archived audio webcast will be available at www.tillcap.com through September 9^th, 2015.

Till Capital Ltd.

Till Capital is a unique Bermuda-domiciled company engaged in the reinsurance business through its wholly-owned subsidiary Resource Re supported by a hybrid investment strategy. This non-traditional approach creates a company with diversified investments including royalties and physical gold, well-positioned for future growth through access to and strategic deployment of capital. Our goal: to maximize opportunity; mitigate risk; and invest in assets and opportunities with significant upside potential.

For additional information:

Till Capital Ltd.

William M. Sheriff

Chairman and Chief Executive Officer

(208) 635 5415

info@tillcap.com   

www.tillcap.com  

Cautionary Note

At this time, the Company has no current plans to provide earnings guidance due to the volatility of investment returns.

The Till Capital shares are restricted voting shares, whereby no single shareholder of Till Capital is able to exercise voting rights for more than 9.9% of the voting rights of the total issued and outstanding Till Capital shares (the "9.9% Restriction”). However, if any one shareholder of Till Capital beneficially owns, or exercises control or direction over, more than 50% of the issued and outstanding Till Capital shares, the 9.9% Restriction will cease to apply to the Till Capital shares.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Till Capital or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Trading in the securities of Till Capital should be considered speculative.

Neither the TSX Venture Exchange nor its Regulatory Service Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Bermuda Monetary Authority accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward Looking Information

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” occur. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Till Capital assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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