Waymar Resources Ltd.
TSX VENTURE : WYM

Waymar Resources Ltd.

April 22, 2010 10:14 ET

Waymar Resources Ltd. Releases Audited Results for the Year Ended December 31, 2009

TORONTO, ONTARIO--(Marketwire - April 22, 2010) - Waymar Resources Ltd. (TSX VENTURE:WYM) today announced its audited results for the year ended December 31, 2009.

The Company's net loss for the year ended December 31, 2009 was $135,207 ($0.01 per share) as compared to $284,103 (0.01 per share) for the year ended December 31, 2008.

The following are the Financial Highlights for the year ending December 31, 2009 with comparatives:

  Year ended
  December 31,
Operating Results 2009   2008
           
Total expenses $ 136,733   $ 315,612
           
Net loss before undernoted   (136,733)     (315,612)
  Impairment of resource property   (259)     (3,618)
  Recovery of acquisition costs   -     18,285
  Interest income   1,813     16,950
  Foreign exchange loss   (28)     (108)
             
Net loss and comprehensive loss   (135,207)     (284,103)
Basic and diluted loss per common share   (0.01)     (0.01)
 
 
  As at December 31,
Balance Sheet Highlights 2009   2008
           
Cash and cash equivalents $ 347,706   $ 488,191
Total assets   384,510     522,231
Total liabilities   (12,961)     (15,475)
Share capital, and contributed surplus 19,086,327   19,086,327
Accumulated other comprehensive income   56,268     56,268
Deficit (18,771,046)   (18,635,839)
Working capital   371,549     506,756
           

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Waymar Resources Ltd.
    Gerry Feldman
    Chief Financial Officer
    (416) 924-4900
    gerry@feldman.ca