Fronsac Capital Inc.
TSX VENTURE : GAZ.P

Fronsac Capital Inc.

August 08, 2008 11:40 ET

Fronsac Capital Inc. Releases Second Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Aug. 8, 2008) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ.P) today released its unaudited financial statements for the second quarter ended June 30, 2008.

The net loss for the second quarter ended June 30, 2008 was $(20,864) or $(0.006) per share (2007: $(43 986) or $(0.017) per share).



SUMMARY OF INCOME STATEMENT INFORMATION

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June 30, June 30,
Earnings 2008 2007
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Interest income $ 1,287 $ 1,963
Net income (loss) $ (20,864) $ (43,986)
Per share - basic and diluted $ (0.006) $ (0.017)
Weighted average shares outstanding -
basic and diluted 3,240,000 2,527,912
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SUMMARY OF CASH FLOWS INFORMATION

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June 30, June 30,
Cash Flows 2008 2007
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Cash from operating activities $ (38,920) $ 5,863
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $ 237,565
Increase (decrease) in cash $ (38,920) $ 243,428
Cash - beginning of quarter $ 395,517 $ 223,421
Cash - end of quarter $ 356,597 $ 466,849
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet June 30, December 31,
2008 2007
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Cash $ 356,597 $ 401,874
Total Assets $ 467,401 $ 402,379
Total Liabilities $ 103,737 $ 12,314
Share capital $ 555,000 $ 555,000
Total Shareholders' Equity $ 363,664 $ 390,065
Total Liabilities & Shareholders' Equity $ 467,401 $ 402,379
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The Company's June 30, 2008 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 Cholette
    President
    (450) 973-4144