TORONTO, ONTARIO -- (Marketwire) -- 12/10/09 -- (All dollar amounts are expressed in Canadian currency unless otherwise noted.) PhosCan Chemical Corp. (TSX: FOS) announces its financial and operating results for the quarter ended October 31, 2009.Financial Results PhosCan reported a net loss for the quarter ended October 31, 2009 of $287,238 compared to $919,066 during the same period of the previous year. The decrease in net loss of $631,828 was due primarily to decreases in general and administrative expense and stock-option compensation expense, and an increase in other income, as described below.General and administrative expense decreased by $139,974 to
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