Sparta Capital Ltd.
TSX VENTURE : SAY

Sparta Capital Ltd.

May 30, 2006 17:57 ET

Sparta Capital Ltd. Releases Second Quarter Financial Statements

EDMONTON, ALBERTA--(CCNMatthews - May 30, 2006) - Sparta Capital Ltd. (TSX VENTURE:SAY) ("Sparta") released today its unaudited financial statements for its 182 days period ended March 31, 2006.



The net loss for the period ended March 31, 2006 was $133,880.

SUMMARY OF INCOME STATEMENT INFORMATION

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Income Statement March 31, 2006
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Interest income 1,660
Net income (loss) (133,880)
Per share - basic and diluted (0.004)
Weighted average shares outstanding - basic 30,037,362
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SUMMARY OF CASH FLOW INFORMATION

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Cash Flow March 31, 2006
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Cash from operating activities $ (92,777)
Cash from investing activities $ 14,024
Cash from financing activities $ 172,978
Increase in cash and cash equivalents $ 94,225
Cash and cash equivalents - beginning of period $ 117,095
Cash and cash equivalents - end of period $ 211,320
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet March 31, 2006
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Cash and cash equivalents $ 211,320
Total Assets $ 893,965
Total Liabilities $ 13,685
Share capital $4,002,168
Total Shareholders' Equity $ 880,280
Total Liabilities & Shareholders' Equity $ 893,965
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The Company's March 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

  • Sparta Capital Ltd.
    Theodore Rousseau
    (780) 489-8334