Waymar Resources Ltd. Releases Audited Results for the Year Ended December 31, 2009
April 22 2010 - 9:15AM
Marketwired Canada
Waymar Resources Ltd. (TSX VENTURE:WYM) today announced its audited results for
the year ended December 31, 2009.
The Company's net loss for the year ended December 31, 2009 was $135,207 ($0.01
per share) as compared to $284,103 (0.01 per share) for the year ended December
31, 2008.
The following are the Financial Highlights for the year ending December 31, 2009
with comparatives:
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Year ended
December 31,
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Operating Results 2009 2008
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Total expenses $ 136,733 $ 315,612
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Net loss before undernoted (136,733) (315,612)
Impairment of resource property (259) (3,618)
Recovery of acquisition costs - 18,285
Interest income 1,813 16,950
Foreign exchange loss (28) (108)
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Net loss and comprehensive loss (135,207) (284,103)
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Basic and diluted loss per common share (0.01) (0.01)
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As at December 31,
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Balance Sheet Highlights 2009 2008
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Cash and cash equivalents $ 347,706 $ 488,191
Total assets 384,510 522,231
Total liabilities (12,961) (15,475)
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Share capital, and contributed surplus 19,086,327 19,086,327
Accumulated other comprehensive income 56,268 56,268
Deficit (18,771,046) (18,635,839)
Working capital 371,549 506,756
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