SKANA Capital Corp.
TSX VENTURE : SKN

August 26, 2010 17:22 ET

SKANA Reports Financial Results for the Three-Month Period Ended June 30, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2010) - SKANA Capital Corp. (TSX VENTURE:SKN) ("SKANA") announces release of its unaudited interim consolidated financial statements. For the three-month period ended June 30, 2010, SKANA had a consolidated income of $3,385,235 ($0.06 basic and diluted earnings per common share) compared to a consolidated loss of $299,060 ($0.01 basic and diluted loss per common share) for the comparative period ended in 2009.

As at June 30, 2010, SKANA had cash and cash equivalents of $6,047,054 and carried its marketable securities at fair value of $13,632,292. SKANA maintains all of its cash and cash equivalents with Schedule A banks.

SKANA's unaudited interim consolidated financial statements and management discussion and analysis ("MD&A") for the three-month period ended June 30, 2010 have been filed on SEDAR and are available for download at www.sedar.com.

About SKANA Capital Corp.

SKANA is listed on the TSX Venture Exchange as an Investment Issuer and carries on business as a merchant bank. It makes strategic investments in resource-based and other opportunities that it believes have significant potential for appreciation through its financial involvement and guidance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • SKANA Capital Corp.
    Greg Clarkes
    Chairman
    (604) 669-4899