Lignol Energy Corporation reported consolidated earnings results for the second quarter ended October 31, 2012. For the quarter, the company reported
a net comprehensive loss of CAD 2.8 million, or CAD 0.03 per share (basic and fully diluted). Included in the total comprehensive loss are non-cash charges relating to the fair market accounting treatment of the acquired investment in ARW of a total of CAD 1.5 million. After excluding these CAD 1.6 million non-cash charges, the adjusted loss would have been the same as the CAD 1.3 million loss incurred for the three months ended October 31, 2011.