Fronsac Capital Inc.
TSX VENTURE : GAZ

Fronsac Capital Inc.

April 26, 2010 10:42 ET

Fronsac Capital Inc. Releases Annual Financial Statements

MONTREAL, QUEBEC--(Marketwire - April 26, 2010) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ) today released its audited financial statements for the year ended December 31, 2009.

The net loss for the year ended December 31, 2009 was $(54,393) or $(0.005) per share [2008: $(189,083) or $(0.029)].

SUMMARY OF INCOME STATEMENT INFORMATION

Earnings December 31, 2009   December 31, 2008  
Revenue $332,964   $76,405  
Net income (loss) $(54,393 ) $(189,083 )
Per share – basic and diluted $(0.005 ) $(0.029 )
Weighted average shares outstanding – basic and diluted 11,336,438   6,573,333  

SUMMARY OF CASH FLOWS INFORMATION

Cash Flows December 31, 2009   December 31, 2008  
Cash from operating activities $86,559   $(135,906 )
Cash from investing activities $(1,841,860 ) $65,785  
Cash from financing activities $951,779   $860,247  
Increase (decrease) in cash $(803,522 ) $790,126  
Cash – beginning of year $1,192,000   $401,874  
Cash – end of year $388,478   $1,192,000  

SUMMARY OF BALANCE SHEET INFORMATION

Balance Sheets December 31, 2009 December 31, 2008
Cash $388,478 $1,192,000
Total Assets $6,077,620 $3,500,230
Total Liabilities $3,885,140 $1,303,357
Share capital $2,605,000 $2,555,000
Total Shareholders' Equity $2,192,480 $2,196,873

The Company's December 31, 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 Information

  • Fronsac Capital Inc.
    Michel Lassonde
    President
    450-536-5328