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LAKE IN THE HILLS, ILLINOIS -- (Marketwire) -- 01/24/13 -- In light of the completion of its Qualifying Transaction with Big Mojo Capital Inc., CapGain Properties Inc. (TSX VENTURE: CPP) ("CapGain") is releasing key pro forma data concerning the resulting issuer, as contained below:
Pro Forma Consolidated Statement of Financial PositionsExpressed in United States DollarsAs of September 30, 2012(Unaudited) Pro Forma Consolidated CapGain Pro Forma CapGain Big Mojo Properties Adjustments Properties Capital Inc. Inc. (Note 4) Inc.-------------------------------------------------------------------------------------------------------------------------------------------------------- US$ US$ US$ US$ASSETS--------------------------------------------------------------------------------------------------------------------------------------------------------Current Cash and cash equivalents 25 164,014 311,500 (a) 414,039 (61,500) (c) Goods and services taxes recoverable 5,835 5,835 Prepaid expenses and deposits 1,000 1,000 Real estate inventories 7,485,000 7,485,000 Prepaid qualifying transaction cost 135,010 (135,010) (c)-------------------------------------------------------------------------------------------------------------------------------------------------------- Total current assets 25 7,790,859 7,905,874--------------------------------------------------------------------------------------------------------------------------------------------------------Total assets 25 7,790,859 7,905,874--------------------------------------------------------------------------------------------------------------------------------------------------------LIABILITIES--------------------------------------------------------------------------------------------------------------------------------------------------------Current Accounts payable and accrued liabilities 73,865 56,651 130,516 Mortgage payable 754,150 754,150-------------------------------------------------------------------------------------------------------------------------------------------------------- Total current liabilities 73,865 810,801 884,666--------------------------------------------------------------------------------------------------------------------------------------------------------Due to a related party 99,726 99,726-------------------------------------------------------------------------------------------------------------------------------------------------------- 910,527 984,392--------------------------------------------------------------------------------------------------------------------------------------------------------SHAREHOLDERS' EQUITY-------------------------------------------------------------------------------------------------------------------------------------------------------- Common Shares 211,625 6,397,981 311,500 (a) 8,346,770 907,637 (a) 5,000 (b) 724,652 (d) (211,625) (d) Preferred shares, series A 907,637 907,637 (a) Contributed surplus 97,000 (c) 156,261 41,439 (c) 17,822 (c) Reserves 51,684 (51,684) (d) Deficit (337,148) (425,286) (5,000) (b) (1,581,549) (97,000) (c) (41,439) (c) (17,822) (c) (135,010) (c) (61,500) (c) 337,148 (d) (798,492) (d)-------------------------------------------------------------------------------------------------------------------------------------------------------- Total shareholders' equity (73,840) 6,880,332 6,921,482--------------------------------------------------------------------------------------------------------------------------------------------------------Total liabilities and shareholders' equity 25 7,790,859 7,905,874--------------------------------------------------------------------------------------------------------------------------------------------------------
