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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Quantum International Income Corporation | TSXV:EGC.H | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
E.G. Capital Inc. (TSX VENTURE:EGC.H), ("E.G. Capital"), formally National Construction Inc., today announces results for the three months ended August 31, 2010. Comparison of the three months ended August 31, 2010 and August 31, 2009. Revenue was $nil for the six month period ended August 31, 2010 as compared to the same period last year. Administrative Expenses were $42,043 for the three months ended August 31, 2010 as compared to $11,658 for the same period last year. For the three months ended August 31, 2010, the $42,043 included approximately $26,118 in professional and advisory expenses and approximately $15,925 in regulatory related filing expenses, consulting, and sundry administrative costs. For the six months ended August 31, 2010 the $71,921 included approximately $50,618 in professional and advisory expenses and approximately $21,303 in regulatory related filing expenses, consulting and sundry administrative costs. The increase is due to greater legal expenses incurred in pursuing potential opportunities to enhance shareholder value. The Corporation incurred interest and bank charges of $61 for the six months ended August 31, 2010 as compared to interest expense of $2,619 for the same period last year. The decrease was largely due to the lower banking service fees. As a result of the foregoing factors, the loss before special items for the six months ended August 31, 2010 was $71,982 as compared to a loss before special items of $25,298 for the same period last year. About E.G. Capital Inc. The Corporation is an inactive company listed on the NEX board of the TSX Venture Exchange Inc ("the Exchange). The business of the Corporation is to identify and evaluate businesses or assets with a view to completing a reactivation transaction on the Exchange. Following the sale of certain assets in February, 2005, the Corporation did not engage in any active business other than to preserve and/or convert into cash any assets remaining with the Corporation and to pursue future shareholder enhancing opportunities. The Corporation intends to review and pursue opportunities to unlock the value of its unrecorded future income tax assets. This press release may contain forward-looking statements relating to the Corporation. Among the important factors that could cause actual results to differ materially from those indicated by such forward looking statements are competitive pressures, technical difficulties, market acceptance, changes in customer requirements, and general economic conditions, and other risks and uncertainties as described from time to time in Corporation's reports, registration statements and filings filed by the Corporation with securities regulatory authorities.
1 Year Quantum International Income Corporation Chart |
1 Month Quantum International Income Corporation Chart |
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