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SemBioSys announces 2007 financial and operational results
Date:3/17/2008

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(expressed in Canadian dollars)

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2007 2006

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$ $

Cash provided by (used in)

Operating activities

Net and comprehensive loss for the period (15,418,677) (14,127,086)

Add items not affecting cash:

Amortization 1,390,065 832,845

Acquisition of intellectual

property for warrants - 1,516,906

Write down of property and equipment - 161,732

Loss on sale of property and equipment 1,483 16,802

Stock-based compensation 723,558 713,902

Unrealized foreign exchange (gain) loss (220,554) 41,900

Non-cash interest expense 4,994 -

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(13,519,131) (10,842,999)

Change in non-cash working capital and

other balances related to operations 578,174 (251,140)

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(12,940,957) (11,094,139)

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Financing activities

Issuance of capital stock 24,331,688 -

Share issue costs (2,256,728) (20,284)

Issuance of warrants 1,140,800 -

Warrant issue costs
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SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
All rights reserved

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