MONTREAL, QUEBEC -- (Marketwire) -- 08/06/10 -- Fronsac Capital Inc. ("Fronsac") (TSX VENTURE: GAZ) today released its unaudited consolidated financial statements for the second quarter ended June 30, 2010.
The net loss of the second quarter was $(7,152) or $(0.001) per share (2009: $(10,332) or $(0.001)).
SUMMARY OF INCOME STATEMENT INFORMATION
-------------------------------------------------------------------------- Earnings June 30, 2010 June 30, 2009 -------------------------------------------------------------------------- Revenue $123,981 $45,280 Net loss $(7,152) $(10,332) Per share - basic and diluted $(0.001) $(0.001) Weighted average shares outstanding - basic and diluted 11,440,000 11,240,000 --------------------------------------------------------------------------
SUMMARY OF CASH FLOWS INFORMATION
-------------------------------------------------------------------------- Cash Flows June 30, 2010 June 30, 2009 -------------------------------------------------------------------------- Cash from operating activities $18,903 $(9,340) Cash from investing activities $0 $0 Cash from financing activities $(47,794) $(16,912) Increase (decrease) in cash $(28,891) $(26,252) Cash - beginning of period $362,275 $1,193,445 Cash - end of period $333,384 $1,167,193 --------------------------------------------------------------------------
SUMMARY OF BALANCE SHEET INFORMATION
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December 31,
Balance Sheets June 30, 2010 2009
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Cash $333,384 $388,478
Total Assets $5,933,462 $6,077,620
Total Liabilities $3,735,132 $3,885,140
Share capital $2,605,000 $2,605,000
Total Shareholders' Equity $2,198,330 $2,192,480
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The Company's June 30, 2010 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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