MONTREAL, QUEBEC — (Marketwire) — 08/21/12 — Fronsac real estate investment trust (“Fronsac REIT”) (TSX VENTURE: GAZ.UN) today released its unaudited consolidated financial statements for the second quarter ended June 30, 2012.
The net loss of the second quarter was $(8,833) or $(0.000) per unit (2011: net income of $9,579 or $0.001 per share). The net loss of this quarter is largely attributable to expenses calculated on the variation of the quoted price of the units. These expenses, in the amount of $65,500, are non-cash expenses. For the quarter of June 30, 2011, the operations were conducted under the name of Fronsac Capital Inc..
SUMMARY OF INCOME STATEMENT INFORMATION
SUMMARY OF CASH FLOWS INFORMATION
SUMMARY OF FINANCIAL POSITION INFORMATION
The Trust-s June 30, 2012 financial statements may be viewed on SEDAR at
Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accept any responsibility for the adequacy or accuracy of this release.
Contacts:
Michel Lassonde
President
(450) 536-5328