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Bioniche Reports Fiscal 2007 Year-End Results
Date:9/26/2007

- 0.47

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Basic and fully diluted net loss per share (0.32) (0.03)

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Weighted average number of common shares

outstanding 45,827,257 37,936,361

Bioniche Life Sciences Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years ended June 30

2007 2006

$ $

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OPERATING ACTIVITIES

Net loss from continuing operations (14,760,994) (18,989,984)

Add (deduct) non cash items:

Amortization 3,075,124 3,821,017

Accreted interest on convertible term note 722,867 498,881

Foreign exchange (gain) loss 38,208 (543,011)

Stock-based compensation 221,712 241,484

Warrants issued to consultants 39,300 -

Share bonus and shares issued to directors 962,759 90,002

Employee share ownership plan 523,559 544,872

Loss on sale of investment 192,157 -

Gain on sale of right to future royalty stream

and royalties recognized (2,618,306) -

Write-down of deferred costs - government

incentives - 576,000

Debt refinancing - 1,271,454

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SOURCE Bioniche Life Sciences Inc.
Copyright©2007 PR Newswire.
All rights reserved

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