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Chalice Mining Ltd CGMLF

Chalice Mining Limited is a mineral exploration company. The Company is engaged in the exploration and evaluation of the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. The Gonneville Platinum Group Element-Nickel-Copper-Cobalt (PGE-Ni-Cu-Co) is a development project located on Chalice-owned farmland, in Western Australia. Gonneville PGE-Ni-Cu-Co Project is located on Chalice-owned farmland over 70 kilometers north-east of Perth, Western Australia. Its projects include Julimar Nickel-Copper-PGE Exploration Project, Kings Nickel-Copper-PGE Exploration Project, Northam Resources Joint Venture Nickel-Copper-PGE Exploration Project, Barrabarra Nickel-Copper-PGE Exploration Project, South West Nickel-Copper-PGE Exploration Project, Narryer Nickel-Copper-PGE Exploration Project, Auralia Nickel-Copper-PGE Exploration Project, Warrego North Copper-Gold Exploration Project and Nulla South Gold Exploration Project.


OTCPK:CGMLF - Post by User

Post by hainholzon May 29, 2018 6:12am
169 Views
Post# 28092003

Money from Chalice

Money from Chalice
Chalice Gold Mines Limited   I   ABN 47 116 648 956   I   Level 2, 1292
Hay Street, West Perth, Western Australia
T: +618 9322 3960   I   F: +618 9322 5800   I   info@chalicegold.com   I   
www.chalicegold.com
I    Page
1
ASX Announcement
29 May 2018
Chalice
to distribute
EDI
tax credits to shareholders
Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN) (TSX: CXN)
is  pleased  to
confirm
that  it  will  be
participating in the Exploration Development Incentive (EDI) for the tax year ending 30 June 2018.
In March 2015, the Federal Parliament passed legislation introducing the EDI Scheme with effect from 1 July 2014 to run
for three years base
d on an annual application process.  The ATO is the administrator of the Scheme.
The  EDI  Scheme  enables  eligible  exploration  companies  to  create  exploration  credits  to  distribute  to  shareholders  by
foregoing  a  portion  of  their  carried  forward  tax  losses  t
hat have arisen from allowable expenditure on “greenfield”
exploration.
The  Company  will  distribute  $
103,320.82
of  tax  credits  to  shareholders  under  the  EDI.    The  Company  currently  has
261,210,294
shares on issue, therefore equating to an EDI distribution of approximately 0.0
396
cents per share.
The record date for shareholder eligibility under the EDI is 30 May 2018.  For shareholders to be eligible to receive a pro
-
rata distribution of tax cred
its from the Company they must hold ordinary shares in the Company as at 5pm (WST) on 30
May 2018.  EDI tax offsets are only available to Australia
n
tax
resident shareholders.
Eligible shareholders will be issued EDI tax credits available to them on 30 June 20
18 and will be able to claim tax offsets
in the 2017/2018 tax year
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