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Golden Goose Resources Inc.

09:57 AM EST - Golden Goose Resources Inc. : reported first-quarter net loss of $196,000, compared to a profit of $901,000 in the year-ago quarter. On a per-share basis, the company posted break-even, compared to a profit of $0.02 a year ago. The net income realized during the first quarter of last year is mainly attributable to income tax recovery of $1,285,387 as a result of renunciations in favour of the investors by the Company to tax deductions totaling $4.53 million, which was raised through the issuance of flow-through shares in 2006 and 2007. Golden Goose Resources Inc. shares V.GGR are trading up $0.025 at $0.34.