Hali Capital Corporation
TSX VENTURE : HS.P

April 03, 2007 19:14 ET

Hali Capital Corporation Releases Period End Financial Statements

EDMONTON, ALBERTA--(CCNMatthews - April 3, 2007) - Hali Capital Corporation ("Hali") (TSX VENTURE:HS.P) released today its audited financial statements for the year ended November 30, 2006. The Company is a capital pool company which completed its initial public offering in February 2006.

The net loss for the deemed year ended November 30, 2006 was $25,435.



SUMMARY OF INCOME STATEMENT INFORMATION

----------------------------------------------------------------------------
Income Statement December 31, 2006
----------------------------------------------------------------------------
Interest income $ 21,861
Net income (loss) $ (25,435)
Loss per share - basic and diluted $ (0.003)
Weighted average shares outstanding - basic 9,495,205
----------------------------------------------------------------------------


SUMMARY OF CASH FLOW INFORMATION

----------------------------------------------------------------------------
Cash Flow November 30, 2006
----------------------------------------------------------------------------
Cash from (used in) operating activities $ (2,500)
Cash from (used in) investing activities $ 0
Cash from (used in) financing activities $ 662,703
Increase (decrease) in cash and cash equivalents $ 660,203
Cash and cash equivalents - beginning of period $ 92,825
Cash and cash equivalents - end of period $ 753,028
----------------------------------------------------------------------------


SUMMARY OF CASH FLOW INFORMATION

----------------------------------------------------------------------------
Balance Sheet November 30, 2006
----------------------------------------------------------------------------
Cash and cash equivalents $ 753,028
Total Assets $ 778,390
Total Liabilities $ 57,437
Share capital $ 755,388
Total Shareholders' Equity $ 720,953
Total Liabilities & Shareholders' Equity $ 778,390
----------------------------------------------------------------------------


The Company's November 30, 2006 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

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