Lignol Energy Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2013. For the quarter, the company reported a total comprehensive loss of CAD 3,034,000 or CAD 0.01 per share basic and fully diluted against CAD 1,151,000 or CAD 0.02 per share basic and fully diluted a year ago. Loss for the period was CAD 1,746,000 against CAD 1,151,000 a year ago. Included in the total comprehensive loss were non-cash charges relating to a reduction in the fair market of the company's investment in ARW of CAD 1.3 million at the end of the period. Included in the total loss were non-cash charges of CAD 0.3 million relating to the difference in the market value of the consideration the company paid for its December 2012 acquisition of a further 88 million shares in ARW. After excluding these CAD 1.6 million in total non-cash charges, the adjusted loss would have been comparable to the total loss of CAD 1.2 million incurred during the same period of the prior year. Cash flows from operating activities were CAD 1,319,000 against CAD 851,000 a year ago.

For the year, the company reported a total comprehensive loss of CAD 6,854,000 or CAD 0.06 per share basic and fully diluted against CAD 3,415,000 or CAD 0.07 per share basic and fully diluted a year ago. Loss for the period was CAD 5,313,000 against CAD 3,415,000 a year ago. Cash flows from operating activities were CAD 3,161,000 against CAD 1,885,000 a year ago.