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GeneNews Announces Second Quarter Results


(2,482,716) (1,393,794) (4,320,086) (2,716,265)


Net proceeds from

issue of

capital stock

Proceeds from

exercise of

employee stock

options 220,350 251,100 25,459

Net proceeds from

exercise of 2004

broker warrants -

Payments on long

term debt (145,256) (38,258) (288,156) (75,401)


75,094 (38,258) (37,056) (49,942)


Additions to

capital assets (20,057) (1,168,630) (233,161) (1,277,031)


Increase (decrease)

in cash and cash

equivalents (2,427,679) (2,600,682) (4,590,303) (4,043,238)

Cash and cash


beginning of period 9,116,406 19,151,012 11,279,030 20,593,568


Cash and cash

equivalents, end

of period $ 6,688,727 $ 16,550,330 $ 6,688,727 $ 16,550,330



Supplemental cash

flow information:

Interest received 27,999 137,213 123,957 232,700

Interest paid 28,172 1,538 58,700 4,191

SOURCE GeneNews Limited
Copyright©2008 PR Newswire.
All rights reserved

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