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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
E.G. Capital Inc. (NEX:EGC.H), ("E.G. Capital"), formally National Construction Inc., today announces results for the three months ended May 31, 2009. Comparison of the three months ended May 31, 2009 and May 31, 2008 Revenue was $13,750 for the three month period ended May 31, 2009 as compared to $nil for the same period last year. The $13,750 for the three months ended May 31, 2009 was composed of $13,750 in interest income. Administrative Expenses were $24,771 for the three months ended May 31, 2009 as compared to $23,682 for the same period last year. For the three months ended May 31, 2009, the $24,771 included approximately $20,000 in professional and advisory expenses and approximately $5,000 in regulatory related filing expenses, consulting, and sundry administrative costs. For the three months ended May 31, 2008, the $23,682 included approximately $14,000 in professional and advisory expenses and approximately $9,000 in regulatory related filing expenses, consulting and sundry administrative costs. The increase is due to increased expenses incurred in pursuing potential opportunities to enhance shareholder value. The Corporation incurred interest and bank charges of $274 for the three months ended May 31, 2009 as compared to interest expense of $872 for the same period last year. The decrease was largely due to decreased interest rates on outstanding Ontario capital tax for which management is attempting to negotiate a reduction in taxes claimed as payable by the Province. As a result of the foregoing factors, the loss before special items for the three months ended May 31, 2009 was $11,295 as compared to a loss before special items of $24,554 for the same period last year. The Corporation incurred special items expense of $nil for the three month period ended May 31, 2009 as compared to $nil for the same period last year. As a result of the foregoing factors, the loss for the three months ended May 31, 2009 was $11,295 as compared to a loss of $24,554 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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