Primeline Announces June 30, 1997 Quarterly Results
Hong Kong August 28th, 1997 —- Primeline Energy Holdings Inc. (“Primeline”), a Vancouver Stock Exchange (“VSE”) listed company, released its financial results for the quarter ended June 30, 1997. As at June 30, 1997, Primeline had working capital of $1,488,674 compared with $1,143,724 at March 31, 1997 and $1,288,771 at June 30, 1996. Primeline does not yet have any revenue. Expenses for the quarter were $12,192 compared with $23,112 for the quarter ending June 30, 1996 and $168,159 for the year ending March 31, 1997.
Primeline is the only exchange listed oil and gas exploration company focused on upstream opportunities in China. Copies of its quarterly financial statements and management discussion are available from Primeline or from its transfer agent Pacific Corporate Trust Company.
Brian Chan, Vice-President & Director
Primeline Energy Holdings Inc.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.