Correction from source: SYNSORB Biotech Inc. Reports Second Quarter Results.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Aug. 21, 1998-- SYNSORB(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SYBBF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :SYB a. 1. See Sib. .) In the news release transmitted earlier today for SYNSORB Biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. Inc. there are corrections to the Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Statements of Cash Flows under Operating Activities for 1998 and Investing Activities for 1998. The corrected table follows:
SYNSORB Biotech Inc.
Consolidated Interim Statements of Cash Flows
For the six months ending June 30
1998 1997
----------- -----------
OPERATING ACTIVITIES
Net loss for the period $(6,227,272) $(4,166,566)
Add non-cash item
Amortization 192,463 106,470
Change in non-cash working capital
balances relating to operating
activities (571,251) (323,656)
-------------------------
(6,606,060) (4,383,752)
-------------------------
INVESTING ACTIVITIES
Purchase of capital assets (6,515,756) (388,385)
Change in non-cash working
capital balances relating
to investing activities 1,229,000 -
-----------------------
(5,286,756) (388,385)
------------------------
FINANCING ACTIVITIES
Common shares issued on
exercise of options 682,220 341,773
Common shares issued on
private placement 8,213,000 -
------------------------
8,895,220 341,773
------------------------
Decrease in cash and
term deposits during
the period (2,997,596) (4,430,364)
Cash and term deposits,
beginning of period 15,409,919 12,866,082
------------------------
Cash and term deposits,
end of period $12,412,323 $8,435,718
-----------------------
CONTACT: SYNSORB Biotech Inc. Doug DOUG Dumb Old Utility Guy Ball, CA, 403/283-5900 403/283-5907 (FAX) http://www.synsorb.com or The Equicom Group Jason Hogan hogan Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , 416/815-0700 ex 222 416/815-0080 (FAX) |
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