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Fronsac Capital Inc. Releases Interim Financial Statements

  //business-finance.news-articles.net/content/200 .. l-inc-releases-interim-financial-statements.html
  Published in Business and Finance on Monday, November 9th 2009 at 12:37 GMT by Market Wire
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MONTREAL, QUEBEC--(Marketwire - Nov. 9, 2009) - 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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