OTCQX:SREMF - Post by User
Comment by
nihiliston Nov 14, 2013 1:08pm
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Post# 21906363
RE:Exploration expenses
RE:Exploration expensesno, they can't be used for an acquisition spunky. they are flow through shares--the expenses of exploration are passed on to the purchasers of the FT shares, allowing the purchasers to claim the expenses for tax purposes. the mechanism would not be useful to a company that was generating profits since they want to claim the expenses themselves.