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Fronsac Capital Inc. Releases Interim Financial Statements
Press Release
Source: Fronsac Capital Inc.
On Monday November 9, 2009, 3:30 pm EST
MONTREAL, QUEBEC--(Marketwire - Nov. 9, 2009) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ - News) 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
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Michel Lassonde
Fronsac Capital Inc.
President
450-536-5328
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