OTCPK:CFMSF - Post by User
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tooclassyon Dec 09, 2014 5:06pm
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Post# 23212356
Clifton Star receives exploration tax credits
Clifton Star receives exploration tax credits
https://www.stockhouse.com/news/press-releases/2014/12/09/clifton-star-receives-2-76-million-in-quebec-tax-credits
QUEBEC CITY, QUEBEC--(Marketwired - Dec. 9, 2014) -Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) is pleased to announce that it has received the 2014 Quebec exploration tax credit in the amount of $318,443 it had claimed in the course of its normal 2014 tax reporting obligations, and it also received $2,445,115 for the Quebec exploration tax credit for 2009.
A thorough Tax review identified valid tax credits for 2009. An amended Quebec income tax report was filed. Discussions over the last year and a meeting with the tax authorities resulted in the issue of a credit of $2,445,115, including interest.
Clifton Star has cash on hand of $3.5 million at this time.
Additional Information
All other information previously released on Duparquet is also available on Clifton Star's website at www.cfo-star.com
Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
[Cautionary Statement on Forward Looking Information, etc.]