Fronsac Capital Inc.
TSX VENTURE : GAZ

Fronsac Capital Inc.

November 23, 2010 15:09 ET

Fronsac Capital Inc. Releases Interim Financial Statements

MONTREAL, QUEBEC--(Marketwire - Nov. 23, 2010) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ) today released its unaudited consolidated financial statements for the third quarter ended September 30, 2010.

The net loss of the third quarter was $(95,919) or $(0.007) per share [2009: $(8,870) or $(0.001)].

SUMMARY OF INCOME STATEMENT INFORMATION

Earnings September 30, 2010   September 30, 2009  
Revenue $116,546   $115,313  
Net loss $(95,919 ) $(8,870 )
Per share – basic and diluted $(0.007 ) $(0.001 )
Weighted average shares outstanding – basic and diluted 13,687,826   11,422,608  

SUMMARY OF CASH FLOWS INFORMATION

Cash Flows September 30, 2010   September 30, 2009  
Cash from operating activities $75,439   $37,682  
Cash from investing activities $542,875   $(1,841,860 )
Cash from financing activities $(47,794 ) $1,033,397  
Increase (decrease) in cash $570,520   $(770,781 )
Cash – beginning of period $333,384   $1,167,193  
Cash – end of period $903,904   $396,412  

SUMMARY OF BALANCE SHEET INFORMATION

Balance Sheets September 30, 2010 December 31, 2009
Cash $903,904 $388,478
Total Assets $6,477,891 $6,077,620
Total Liabilities $3,778,480 $3,885,140
Share capital $3,190,000 $2,605,000
Total Shareholders' Equity $2,699,411 $2,192,480

The Company's September 30, 2010 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