Business NewsMarketWire • SKANA Reports Financial Results for the Year Ended March 31, 2010

SKANA Reports Financial Results for the Year Ended March 31, 2010

SKANA Reports Financial Results for the Year Ended March 31, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2010) - SKANA Capital Corp. (TSX VENTURE:SKN). SKANA Capital Corp. ("SKANA") announces release of its audited consolidated financial statements. For the year ended March 31, 2010, SKANA had a consolidated loss of $1,060,153 ($0.02 basic and diluted loss per common share) compared to a consolidated loss of $16,541,798 ($0.32 basic and diluted loss per common share) for the comparative year ended in 2009. The loss in the current year included an impairment loss on marketable securities of $1,030,000 and due diligence and other costs in the amount of $413,218 which were related to the proposed acquisition by SKANA of Bus and Coach International, which was subsequently abandoned.

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SKANA Reports Financial Results for the Year Ended March 31, 2010