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PreMD Inc. Reports Third Quarter Results and Appoints New Chief Financial Officer
Date:11/13/2008

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Cash used in operating

activities (409,118) (1,115,686) (2,275,473) (4,558,089)

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INVESTING ACTIVITIES

Short-term investments 416,616 15,521 907,768 2,124,980

Proceeds from sale of

capital assets 1,300 - 1,300 1,435

Purchase of capital

assets - (7,845) (9,161) (10,078)

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Cash provided by

investing activities 417,916 7,676 899,907 2,116,337

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FINANCING ACTIVITIES

Issuance of debentures,

net of issue costs - - 1,137,534 -

Issuance of capital

stock, net of issue

costs - (46,153) - 3,683,804

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Cash provided by

(used in) financing

activities - (46,153) 1,137,534 3,683,804

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Effect of exchange rate

changes on cash and

cash equivalents (349) (20,665) (9,250) (14,019)

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Net increase (decrease)

in cash and cash

equivalents during

the period 8,449 (1,174,828) (247,282) 1,228,033

Cash and cash

equivalents

Beginning of period 26,469 2,515,438 282,200 112,577

End of period 34,918 1,340,610 34,918 1,340,610

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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
All rights reserved

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