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
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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 :
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
