Damian Capital Corp.
NEX BOARD : DME.H

February 06, 2006 13:47 ET

Damian Capital Corp. Releases Annual Financial Statements

MONTREAL, QUEBEC--(CCNMatthews - Feb. 6, 2006) - Damian Capital Corp. (NEX BOARD:DME.H) ("Damian") today released its audited financial statements for the years ended December 31, 2005 and 2004.

The net loss for the year ended December 31, 2005 was $87,456 or $0.004 per share (2004: $255,441 or $0.015 per share).



SUMMARY OF INCOME STATEMENT INFORMATION
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Income Statement December 31, December 31,
2005 2004
12 months 9 months
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Interest (income) $ 8,576 $ 2,066
Net income (loss) ($87,456) ($255,441)
Per share - basic and diluted ($0.004) ($0.015)
Weighted average shares outstanding
- basic 21,738,028 16,924,265
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SUMMARY OF CASH FLOW INFORMATION
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Cash Flow December 31, December 31,
2005 2004
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Cash from operating activities $(72,552) $(80,377)
Cash from investing activities $ 0 $ 0
Cash from financing activities $346,939 $362,000
Increase (decrease) in cash and
cash equivalents $274,387 $281,623
Cash and cash equivalents
- beginning of year $351,630 $ 70,007
Cash and cash equivalents
- end of year $626,017 $351,630
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SUMMARY OF BALANCE SHEET INFORMATION
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Balance Sheet December 31, December 31,
2005 2004
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Cash and cash equivalents $ 626,017 $ 351,630
Total Assets $ 640,725 $ 358,949
Total Liabilities $ 6,259 $ 8,325
Share capital $3,485,071 $3,138,132
Total Shareholders' Equity $ 634,466 $ 3 50,624
Total Liabilities &
Shareholders' Equity $ 640,725 $ 358,949
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Damian's December 31, 2005 and 2004 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

  • Damian Capital Corp.
    Alain Lambert
    President
    (514) 392-9419