Fronsac Capital Inc.

Fronsac Capital Inc.

November 14, 2008 10:36 ET

Fronsac Capital Inc. Releases Third Quarter Financial Statements

MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2008) - Fronsac Capital Inc. ("Fronsac") (TSX VENTURE:GAZ.P) today released its unaudited consolidated financial statements for the third quarter ended September 30, 2008.

The net loss for the third quarter ended September 30, 2008 was $(102,146) or $(0.012) per share (2007: $(6,343) or $(0.002) per share).



SUMMARY OF INCOME STATEMENT INFORMATION

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Earnings September 30, 2008 September 30, 2007
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Revenues $37,572 $2,999
Net earnings (loss) $(102,146) $(6,343)
Per share - basic and diluted $(0.012) $(0.002)
Weighted average shares
outstanding - basic and diluted 8,196,522 3,240,000
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SUMMARY OF CASH FLOWS INFORMATION

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Cash Flows September 30, 2008 September 30, 2007
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Cash from operating activities $(36,759) $(35,019)
Cash from investing activities $65,785 $0
Cash from financing activities $868,141 $(9,775)
Increase (decrease) in cash $897,167 $(44,794)
Cash - beginning of quarter $356,597 $466,849
Cash - end of quarter $1,253,764 $422,055
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet September 30, 2008 December 31, 2007
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Cash and Cash Equivalents $1,253,764 $401,874
Total Assets $3,490,873 $402,379
Total Liabilities $1,233,464 $12,314
Share Capital $2,555,000 $555,000
Total Shareholders' Equity $2,257,409 $390,065
Total Liabilities &
Shareholders' Equity $3,490,873 $402,379
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The Company's September 30, 2008 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.