Fronsac Capital Inc.
TSX VENTURE : GAZ.P

Fronsac Capital Inc.

August 28, 2007 17:13 ET

Fronsac Capital Inc. Releases Second Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Aug. 28, 2007) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ.P) today released its unaudited financial statements for the second quarter ended June 30, 2007.

The net loss for the second quarter ended June 30, 2007 was $(43,986) or $(0.017) per share.



SUMMARY OF INCOME STATEMENT INFORMATION

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Earnings June 30, 2007 June 30, 2006
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Interest income $ 1,963 $ 0
Net income (loss) $ (43,986) $ 0
Per share - basic and diluted $ (0.017) $ 0.000
Weighted average shares outstanding -
basic and diluted 2,527,912 0
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows June 30, 2007 June 30, 2006
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Cash from operating activities $ 5,863 $ 0
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 237,565 $ 0
Increase (decrease) in cash $ 243,428 $ 0
Cash - beginning of quarter $ 223,421 $ 0
Cash - end of quarter $ 466,849 $ 0
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SUMMARY OF BALANCE SHEET INFORMATION

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December 31,
Balance Sheets June 30, 2007 2006
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Cash and cash equivalents $ 466,849 $ 256,659
Total Assets $ 476,843 $ 256,659
Total Liabilities $ 57,085 $ 32,420
Share capital $ 555,000 $ 255,000
Total Shareholders' Equity $ 419,758 $ 224,239
Total Liabilities & Shareholders' Equity $ 476,843 $ 256,659
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The Company's June 30, 2007 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 Cholette
    President
    (514) 497-4672