Fronsac Capital Inc. Releases Interim Financial Statements

2009-11-09 21:39:03 -

MONTREAL, QUEBEC -- (Marketwire) -- 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

----------------------------------------------------------------------
Earnings                       September 30, 2009   September 30, 2008
----------------------------------------------------------------------
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
----------------------------------------------------------------------



SUMMARY OF CASH FLOWS INFORMATION

----------------------------------------------------------------------
Cash Flows                     September 30, 2009   September 30, 2008
----------------------------------------------------------------------
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
----------------------------------------------------------------------



SUMMARY OF BALANCE SHEET INFORMATION

----------------------------------------------------------------------
Balance Sheets                 September 30, 2009    December 31, 2008
----------------------------------------------------------------------
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
----------------------------------------------------------------------

The Company's September 30, 2009 financial statements may be viewed on SEDAR at www.sedar.com : 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