MONTREAL, Nov. 6 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report its results for the third quarter and nine months ended September 30, 2008.
For the third quarter ended September 30, 2008, the Company reported a net loss of $191,030 ($0.00 per share) compared with a net loss of $288,582 ($0.00 per share) for the same quarter of 2007. The reduction in the net loss is mainly attributable to a reduction in stock-based compensation from $92,348 in 2007 to $11,069 this year and results from the fair value of options granted in the second quarter of 2007. General and administrative expenses amounted to $174,095, a cost reduction of $42,156 (19%) compared with the amount of $216,251 reported last year.
For the nine-month period ended September 30, 2008, the Company reported a net income of $345,477 compared with a net loss of $975,769 for the same period in 2007.
This selected quarterly information should be read in conjunction with the financial statements filed on www.sedar.com for the quarter ended September 30, 2008.
ABOUT GOLDEN GOOSE RESOURCES
Golden Goose Resources Inc. is a Canadian public company listed on the TSX Venture Exchange under the symbol GGR. The Company is principally engaged in mineral exploration and acquisition and has a portfolio of gold and nickel-platinum group metals properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00004334EF