Fronsac Capital Inc.
TSX VENTURE : GAZ.P

Fronsac Capital Inc.

April 25, 2008 18:25 ET

Fronsac Capital Inc. Releases Annual Financial Statements

MONTREAL, QUEBEC--(Marketwire - April 25, 2008) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ.P) today released its audited financial statements for the year ended December 31, 2007.

The net loss for the year ended December 31, 2007 was $(62,456) or $(0.023) per share (2006: $1,659 or $0.002).



SUMMARY OF INCOME STATEMENT INFORMATION
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December 31, December 31,
Earnings 2007 2006
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Interest income $ 9,230 $2,024
Net income (loss) $(62,456) $1,659
Per share - basic and diluted $ (0.023) $0.002
Weighted average shares outstanding -
basic and diluted 2,766,575 1,095,775
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SUMMARY OF CASH FLOWS INFORMATION
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December 31, December 31,
Cash Flows 2007 2006
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Cash from operating activities $(44,667) $ 34,079
Cash from investing activities $ 0 $ 0
Cash from financing activities $189,882 $222,580
Increase (decrease) in cash $145,215 $256,659
Cash - beginning of year $256,659 $ 0
Cash - end of year $401,874 $256,659
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SUMMARY OF BALANCE SHEET INFORMATION
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December 31, December 31,
Balance Sheets 2007 2006
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Cash $401,874 $256,659
Total Assets $402,379 $256,659
Total Liabilities $ 12,314 $ 32,420
Share capital $555,000 $255,000
Total Shareholders' Equity $390,065 $224,239
Total Liabilities & Shareholders' Equity $402,379 $256,659
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The Company's December 31, 2007 financial statements may be viewed on SEDAR at www.sedar.com

Except for historical information contained herein, this new release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Fronsac Capital inc will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Fronsac Capital Inc.

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