TORONTO, Feb. 22 /CNW/ - Genterra Capital Inc. (TSXV: "GIC")
As previously announced, effective May 10, 2010 Consolidated Mercantile
Incorporated ("CMI") and Genterra Inc. ("Genterra") amalgamated to form
Genterra Capital Inc. ("GCI"). Net income for the three months ended
December 31, 2010 was $88,084 compared to $22,720 in the 2009 period.
Earnings per share for the period was $0.01 compared to $0.01 in the
As CMI was identified as the acquirer, the results of operations for the
three months ended December 31, 2010 include the operations of the
combined entity, while the results for the three months ended December
31, 2009 include the results for CMI only.
Genterra Capital Inc. is a management holding company whose assets
include rental real estate properties and investments.
Disclaimer: TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
SOURCE Genterra Capital Inc.
For further information:
Stan Abramowitz, Secretary