Santa Rosa Resources Corp. Reports Financial Results for Q2 2013
August 23 2013 - 6:12PM
Marketwired Canada
Santa Rosa Resources Corp. (TSX VENTURE:STR.H) ("The Company") today announced
its quarterly results for the period ended June 30, 2013. The financial
statements have been prepared in accordance with International Financial
Reporting Standards.
David Roberts, President and CEO, said, "The Directors and Officers of Santa
Rosa Resources Corp. are exploring business opportunities to vend into the
Company."
Financial Results
For the three months ended June 30, 2013, the Company incurred net income of
$7,384, compared to a net loss and comprehensive loss of $35,475 for the three
months ended June 30, 2012. There was an operating expenses recovery for the
three months ended June 30, 2013 of $7,384, compared to operating expenses of
$35,484 in the comparable prior year period.
For the six months ended June 30, 2013, the Company incurred a net loss of
$14,190, compared to a net loss and comprehensive loss of $453,547 for the six
months ended June 30, 2012. Operating expenses for the six months ended June 30,
2013 were $14,190, compared to $61,353 in the comparable prior year period.
Liquidity and Outstanding Share Capital
As at June 30, 2013 the Company had a working capital deficit of $7,269.
As at August 23, 2013 the Company had 4,471,323 common shares issued and
outstanding.
Resignation and Appointment of Director
The Company announces John Jacobson has resigned from the board of directors
effective August 23, 2013 in order to pursue other opportunities. The board
would like to thank Mr. Jacobson for his services.
The Directors are pleased to announce that Christopher Morris has been appointed
to the Board of Directors of the Company under a resolution dated August 23,
2013.
Additional Information
This news release should be read in conjunction with the Company's interim
financial statements for the three and six months ended June 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Santa Rosa Resources Corp.
David Roberts
President
+1 604 688 1511
droberts@penderfinancial.com
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