Fronsac Capital Inc.
TSX VENTURE : GAZ.P

Fronsac Capital Inc.

November 12, 2007 16:27 ET

Fronsac Capital Inc. Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Nov. 12, 2007) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ.P) today released its unaudited financial statements for the third quarter ended September 30, 2007.

The net loss for the third quarter ended September 30, 2007 was $(6,343) or $(0.0020) per share (2006: $(2,722) or $(0.0013)).



SUMMARY OF INCOME STATEMENT INFORMATION

----------------------------------------------------------------------------
Earnings September 30, 2007 September 30, 2006
----------------------------------------------------------------------------
Interest income $ 2,999 $ 421
Net income (loss) $ (6,343) $ (2,722)
Per share - basic and diluted $ (0.0020) $ (0.0013)
Weighted average shares outstanding
- basic and diluted 3,240,000 2,040,000
----------------------------------------------------------------------------


SUMMARY OF CASH FLOWS INFORMATION

----------------------------------------------------------------------------
Cash Flows September 30, 2007 September 30, 2006
----------------------------------------------------------------------------
Cash from operating activities $ (35,019) $ 7,200
Cash from investing activities $ 0 $ 0
Cash from financing activities $ (9,775) $ 247,500
Increase (decrease) in cash $ (44,794) $ 254,700
Cash - beginning of quarter $ 466,849 $ 0
Cash - end of quarter $ 422,055 $ 254,700
----------------------------------------------------------------------------


SUMMARY OF BALANCE SHEET INFORMATION

----------------------------------------------------------------------------
Balance Sheets September 30, 2007 December 31, 2006
----------------------------------------------------------------------------
Cash $ 422,055 $ 256,659
Total Assets $ 424,292 $ 256,659
Total Liabilities $ 20,652 $ 32,420
Share capital $ 555,000 $ 255,000
Total Shareholders' Equity $ 403,640 $ 224,239
Total Liabilities & Shareholders' Equity $ 424,292 $ 256,659
----------------------------------------------------------------------------


The Company's September 30, 2007 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