TORONTO, ONTARIO--(Marketwired - July 21, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION BY ANY UNITED STATES NEWS DISTRIBUTION
SERVICE
Quinsam Capital Corporation (CSE:QCA) ("Quinsam" or the "Company") today
announced its regular quarterly dividend and provided an update on performance.
Q2/2016 Dividend
The Board of Directors of Quinsam has approved the eighth consecutive quarterly dividend of $0.001 per share
($0.004 per share per year). The dividend represents an indicated yield of 4.4% based on the most recent trading price of $0.09
per share. The distribution will be paid on August 19, 2016 to shareholders of record on July 29, 2016. This dividend will
not be designated as an "eligible dividend" for Canadian income tax purposes. Future quarterly dividends will be subject to Board
approval.
Update on Recent Events
While Q2/2016 results have not been finalized, Quinsam believes at this time that its portfolio generated
sufficient returns in Q2 to pay all expenses, cover the quarterly distribution to shareholders plus grow its portfolio to a
modest degree.
Since the end of Q2/2016, performance has improved. "While we are still very early in Q3/2016, the last couple
of weeks have been the best we have seen since the market weakness last fall," said Roger Dent, CEO.
Some months ago, Quinsam made an investment in a private company that is engaged in commercial unmanned aerial
systems (drone) services for agricultural customers. The going-public transaction took longer to complete than was
expected. However, trading in Deveron UAS Corp. commenced on July 19, 2016 at a level well in excess of our cost price.
In Q1/2016, Quinsam made an investment in an advanced Ontario based gold explorer, Augustine Ventures Inc. We
purchased units at $0.055 including a full warrant exercisable at $0.08. Augustine recently traded at $0.15 and the
investment has had a beneficial impact on performance. Augustine is in the process of consolidating ownership of its land
holdings through a proposed merger with Red Pine Exploration Inc. We think that the consolidation of ownership will have a
beneficial impact on the investment community's perception of the company.
Trading in another of our private investments, Imex Systems Inc., also recently commenced. The trading price
is again in excess of our cost price.
In 2015, Quinsam helped create and invested in a Capital Pool Corporation, Quinsam Opportunities I Inc. On
July 4, 2016, Quinsam Opportunities I Inc. announced that it had signed an LOI to merge with Vitalhub Corp. Vitalhub Corp.
offers a mobile application that provides medical professionals with comprehensive, relevant patient information at the point of
care on a wide range of mobile devices.
About Quinsam Capital Corporation
Quinsam is a merchant bank based in Canada. Our merchant banking business may encompass a range of activities
including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital for its own
account in assets, companies or projects which we believe are undervalued and where we see a viable plan for unlocking such
value. We do not invest on behalf of any third party and we do not offer investment advice.
Generally, Quinsam does not believe that individual investments are material reportable events. Quinsam
chooses to announce certain investments once the company is certain that it has finished buying its position because the Company
feels that this information helps Quinsam's investors understand its investment decision making process. Generally, Quinsam
does not announce the sale of investments.
This press release may contain forward-looking statements relating to anticipated future events, results,
circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future
events, which are inherently uncertain. Forward-looking statements can often, but not always, be identified by forward-looking
words such as "anticipate", "believe", "continue", "expect", "goal", "plan", "intend", "estimate", "may", "project", "predict",
"potential", "target", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance.
By their nature, forward-looking statements require us to make assumptions which include, among other things, that
(i) Quinsam will have sufficient capital under management to effect its business strategies, (ii) the business strategies will
produce the results intended by Quinsam, and (iii) the markets will react and perform in a manner consistent with the business
strategies.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward-looking information. The Company believes that the
expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations
will prove to be correct. Some of the risks and other factors that could cause actual results to differ materially from those
expressed in forward-looking information expressed in this press release include, but are not limited to: market and general
economic conditions, interest rates, regulatory and statutory developments, the nature of the Company's investments, the
available opportunities and competition for investments, the concentration of the Company's investments in certain industries and
sectors, reliance on key personnel, risks affecting the Company's investments, management of the growth of the Company, and
exchange rate fluctuations. Readers are cautioned that the foregoing list of risks and factors is not exhaustive. Although the
Company has attempted to identify important factors that could cause actual events or results to differ materially from those
described in forward-looking information, there may be other factors that cause events or results to differ from those intended,
anticipated or estimated.
The forward-looking information contained herein is provided as at the date of the date of this press release,
based upon the opinions and estimates of management and information available to management as at the date of this press release.
The Company does not undertake and specifically disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, unless required by applicable law. Readers are
cautioned not to place undue reliance on forward-looking information contained in this press release.