Hali Capital Corporation
TSX VENTURE : HS.P

October 25, 2006 16:36 ET

Hali Capital Corporation Releases Third Quarter Financial Statements

EDMONTON, ALBERTA--(CCNMatthews - Oct. 25, 2006) - Hali Capital Corporation ("Hali") (TSX VENTURE:HS.P) released today its unaudited financial statements for its three month period ended August 31, 2006. The Company is a capital pool company which completed its initial public offering in February 2006.

The net loss for the three month period ended August 31, 2006 was $12,084.



SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement August 31, 2006
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Interest income $ 14,273
Net income (loss) $(12,084)
Loss per share - basic and diluted $(0.0011)
Weighted average shares outstanding - basic 11,290,000
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow August 31, 2006
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Cash from (used in) operating activities $(53,021)
Cash from (used in) investing activities $ 0
Cash from (used in) financing activities $ (1,044)
Increase (decrease) in cash and cash equivalents $(54,065)
Cash and cash equivalents - beginning of period $814,206
Cash and cash equivalents - end of period $760,141
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SUMMARY OF CASH FLOW INFORMATION

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Balance Sheet August 31, 2006
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Cash and cash equivalents $760,141
Total Assets $779,122
Total Liabilities $ 16,104
Share capital $835,474
Total Shareholders' Equity $763,018
Total Liabilities & Shareholders' Equity $779,122
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The Company's August 31, 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