COLONIA CORPORATION
NEX BOARD : CRP.H

August 26, 2005 13:41 ET

Colonia Corporation Releases Financial Statements for the Year Ended April 30, 2005

CALGARY, ALBERTA--(CCNMatthews - Aug. 26, 2005) -

(Not for dissemination in the United States of America)

Colonia Corporation ("Colonia") (NEX BOARD:CRP.H) released today its audited financial statements for its year ended April 30, 2005.

The net loss for the year ended April 30, 2005 was $36,236.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement April 30, 2005 April 30, 2004
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Income $ 731 $ 0
Net income (loss) $ (36,236) $ (138,627)
Per share - basic $ (0.002) $ (0.015)
Weighted average shares
outstanding - basic 15,287,097 9,443,700
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow April 30, 2005 April 30, 2004
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Cash from operating activities $ (36,236) $ (64,240)
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 260,500 $ 300,000
Increase (decrease) in cash
and cash equivalents $ 187,201 $ 299,224
Cash and cash equivalents
- beginning of period $ 299,286 $ 62
Cash and cash equivalents - end of period $ 486,487 $ 299,286
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet April 30, 2005 April 30, 2004
------------------------------------------------------------------------
Cash and cash equivalents $ 486,487 $ 299,286
Total Assets $ 487,777 $ 299,932
Total Liabilities $ 15,823 $ 52,242
Share capital $ 1,326,474 $ 1,065,974
Total Shareholders' Equity $ 471,954 $ 247,690
Total Liabilities & Shareholders' Equity $ 487,777 $ 299,932
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The Company's April 30, 2005 audited financial statements may be viewed on SEDAR at www.sedar.com

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Colonia Corporation
    Don Campbell
    President
    (403) 540-2003