Fronsac Capital Inc.
TSX VENTURE : GAZ

Fronsac Capital Inc.

September 01, 2009 12:33 ET

Fronsac Capital Inc. Releases Interim Financial Statements

MONTREAL, QUEBEC--(Marketwire - Sept. 1, 2009) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ) today released its unaudited consolidated financial statements for the second quarter ended June 30, 2009.

The net loss of the second quarter was $(10,332) or $(0.001) per share (2008: $(20,864) or $(0.006)).



SUMMARY OF INCOME STATEMENT INFORMATION
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Earnings June 30, 2009 June 30, 2008
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Revenue $50,289 $1,287
Net earnings (loss) $(10,332) $(20,864)
Per share - basic and diluted $(0.001) $(0.006)
Weighted average shares outstanding - 11,240,000 3,240,000
basic and diluted
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SUMMARY OF CASH FLOWS INFORMATION
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Cash Flows June 30, 2009 June 30, 2008
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Cash from operating activities $(9,340) $(38,920)
Cash from investing activities $0 $0
Cash from financing activities $(16,912) $0
Increase (decrease) in cash $(26,252) $(38,920)
Cash - beginning of period $1,193,445 $395,517
Cash - end of period $1,167,193 $356,597
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SUMMARY OF BALANCE SHEET INFORMATION
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Balance Sheets June 30, 2009 December 31,
2008
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Cash and cash equivalents $1,167,193 $1,192,000
Total Assets $3,453,638 $3,500,230
Total Liabilities $1,262,623 $1,303,357
Share capital $2,555,000 $2,555,000
Total Shareholders' Equity $2,191,015 $2,196,873
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The Company's June 30, 2009 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

  • Fronsac Capital Inc.
    Michel Lassonde
    President
    450-536-5328