Hali Capital Corporation
TSX VENTURE : HS.P

March 31, 2006 12:43 ET

Hali Capital Corporation: Annual Financial Statements

EDMONTON, ALBERTA--(CCNMatthews - March 31, 2006) - Hali Capital Corporation (Hali) (TSX VENTURE:HS.P) released its audited financial statements for the year ended November 30, 2005.

The net loss for the year ended November 30, 2005 was $9,000 or $0.0036 per share.

Hali was not in business in 2004 therefore no comparable numbers are available.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement November 30, 2005 November 30, 2004
12 months 9 months
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Interest (income) $ 0 $ 0
Net income (loss) $ (9,000) $ 0
Per share - basic and diluted $ (0.0036) $ 0
Weighted average shares
outstanding - basic 2,500,000 $ 0
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow December 31, 2005 December 31, 2004
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Cash from operating activities $ 0 $ 0
Cash from investing activities $ 0 $ 0
Cash from financing activities $ 0 $ 0
Increase (decrease) in cash and
cash equivalents $ 0 $ 0
Cash and cash equivalents
- beginning of year $ 92,825 $ 0
Cash and cash equivalents
- end of year $ 83,685 $ 0
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet December 31, 2005 December 31, 2004
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Cash and cash equivalents $ 92,825 $ 0
Total Assets $ 94,825 $ 0
Total Liabilities $ 11,140 $ 0
Share capital $ 92,685 $ 0
Total Shareholders' Equity $ 83,685 $ 0
Total Liabilities &
Shareholders' Equity $ 94,825 $ 0
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Subsequent to the November 30, 2005 year end, Hali completed its initial public offering of 8,750,000 common shares. Hali's common shares were listed for trading on the TSX Venture Exchange on February 13, 2006.

Hali's Audited Financials for 2005 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

  • Hali Capital Corporation
    Ted Rousseau
    President
    (780) 489-8334