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Vasogen Announces First Quarter 2008 Results
Date:4/3/2008

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VASOGEN INC.

(A DEVELOPMENT STAGE COMPANY)

Interim Consolidated Statements of Cash Flows

(In thousands of Canadian dollars)

(Unaudited)

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Period from

December 1,

Three months ended 1987 to

February 29, February 28, February 29,

2008 2007 2008

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Cash provided by (used in):

Operating activities:

Loss for the period $ (5,320) $ (7,678) $ (379,660)

Items not involving cash:

Amortization 62 126 6,222

Accretion in carrying value of

senior convertible notes payable - 692 10,294

Amortization of deferred

financing costs - 145 3,057

Loss on extinguishment of

senior convertible notes payable - 1,284 6,749

Change in fair value of

embedded derivatives - (573) (829)

Stock-based compensation 235 563 9,814

Common shares issued for services - - 2,485

Unrealized gain on forward

foreign exchange contract - - (376)

Unrealized foreign exchange

loss (gain) 192 (100) 11,735

Other -
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SOURCE Vasogen Inc.
Copyright©2008 PR Newswire.
All rights reserved

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