Santa Rosa Resources Corp. Reports Financial Results for Q3 2013

Santa Rosa Resources Corp. Reports Financial Results for Q3 2013
  
 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2013) - Santa Rosa Resources Corp. (TSX Venture:STR.H) ("The Company") today announced its quarterly results for the period ended September 30, 2013. The financial statements have been prepared in accordance with International Financial Reporting Standards.

Financial Results

The Company incurred a net loss of $6,615 and $20,805 for the three and nine month period ending September 30, 2013, as compared to a net loss of $32,536 and comprehensive loss of $486,082 for the comparative three and nine month period ending September 30, 2012.

Operating expenses were $6,615 and $20,805 for the three and nine month period ending September 30, as compared to operating expenses of $32,536 and $93,888 for the comparative three and nine month period ending September 30, 2012.

Liquidity and Outstanding Share Capital

As at September 30, 2013 the Company had a working capital deficit of $13,884.

As at November 28, 2013 the Company had 4,471,323 common shares issued and outstanding.

Additional Information

This news release should be read in conjunction with the Company's interim financial statements for the three and nine months ended September 30, 2013 and the notes thereto, together with the MD&A for the corresponding period, which are available on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Santa Rosa Resources Corp.David RobertsPresident+1 604 688 [e-mail]