Stonecliffe Capital Inc.
TSX VENTURE : SNT.P

November 29, 2006 21:50 ET

Stonecliffe Release September 30, 2006 Financial Statements

CALGARY, ALBERTA--(CCNMatthews - Nov. 29, 2006) -

(Not for dissemination in the United States of America)

Stonecliffe Capital Inc. ("Stonecliffe") (TSX VENTURE:SNT.P) released today its interim financial statements for the period ended September 30, 2006. Stonecliffe is a capital pool company proposing to identify and evaluate corporations for possible acquisition.




Summary of Balance Sheet Information

STONECLIFFE CAPITAL INC.
BALANCE SHEET
(Unaudited)

September 30, December 31,
2006 2005
-------------------------------------

ASSETS

Current assets:
Cash $ 293,908 $ 337,370
GST receivable 1,547 1,542
-------------------------------------
295,455 338,912
Deferred costs 13,032 13,032
-------------------------------------
$ 308,487 $ 351,944
-------------------------------------
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LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable $ 17,423 $ 15,477

Shareholders' equity:
Share capital 419,870 419,870
Contributed surplus 9,280 9,280
Deficit (138,086) (92,683)
-------------------------------------
291,064 336,467
-------------------------------------
$ 308,487 $ 351,944
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STONECLIFFE CAPITAL INC.
(INTERIM STATEMENT OF OPERATIONS AND DEFICIT
(Unaudited)

Nine Months Ended Year Ended
September 30, December 31,
2006 2005
-------------------------------------

Expenses:
Interest and bank charges $ 50 163
Professional fees 45,353 80,856
Stock compensation - 9,280
-------------------------------------

Net loss before the following item (45,403) (90,299)

Other income
Interest - 616
-------------------------------------

-------------------------------------
Net loss (45,403) (89,683)
-------------------------------------

Deficit, beginning of period (92,683) (3,000)
-------------------------------------

Deficit, end of period $ (138,086) $ (92,683)
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Stonecliffe's September 30, 2006, financial statements may be viewed on SEDAR www.sedar.com.


The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Stonecliffe Capital Inc.
    Keith Prosser
    President
    (403) 298-0642