Fronsac Capital Inc. Releases Interim Financial Statements
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Mon, 09 Nov 2009 20:31:09 GMT |
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Fronsac Capital Inc. |
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MONTREAL, QUEBEC -- 11/09/09 --
Fronsac Capital Inc. ("Fronsac") (TSX VENTURE: GAZ) today released its unaudited consolidated financial statements for the third quarter ended September 30, 2009.
The net loss of the third quarter was $(12,870) or $(0.001) per share (2008: $(102,146) or $(0.012)).
SUMMARY OF INCOME STATEMENT INFORMATION
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Earnings September 30, 2009 September 30, 2008
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Revenue $115,382 $37,572
Net earnings (loss) $(12,870) $(102,146)
Per share - basic and diluted $(0.001) $(0.012)
Weighted average shares
outstanding - basic and diluted 11,422,608 8,196,522
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows September 30, 2009 September 30, 2008
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Cash from operating activities $37,682 $(36,759)
Cash from investing activities $(3,470,963) $65,785
Cash from financing activities $2,662,500 $868,141
Increase (decrease) in cash $(770,781) $897,167
Cash - beginning of period $1,167,193 $356,597
Cash - end of period $396,412 $1,253,764
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SUMMARY OF BALANCE SHEET INFORMATION
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Balance Sheets September 30, 2009 December 31, 2008
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Cash and cash equivalents $396,412 $1,192,000
Total Assets $6,114,646 $3,500,230
Total Liabilities $3,890,925 $1,303,357
Share capital $2,605,000 $2,555,000
Total Shareholders' Equity $2,223,721 $2,196,873
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The Company's September 30, 2009 financial statements may be viewed on SEDAR at www.sedar.com
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Fronsac Capital Inc.
Michel Lassonde
President
450-536-5328
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