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Westhaven Gold Corp. V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company. The Company is advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt (SBGB). It controls approximately 37,000 hectares (ha) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property covers over 17,623 ha and is located near the southern end of the SBGB, approximately 30 kilometers (km) south of Merritt, British Columbia. Its other projects include Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. Its Prospect Valley Gold project covers over 10, 927 ha and is located roughly 30 km to the west of Merritt, British Columbia and is situated in the SBGB. The Company owns a 100% interest in the Skoonka Creek property, which is situated near the northern end of the SBGB. Its Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 ha.


TSXV:WHN - Post by User

Bullboard Posts
Comment by MudCreekeron Jun 04, 2020 9:52am
177 Views
Post# 31110870

RE:RE:RE:RE:Westhaven Announces C$5.0 Million Bought Deal Private Placem

RE:RE:RE:RE:Westhaven Announces C$5.0 Million Bought Deal Private Placem
Scarpetki wrote: Flow-through shares are strangely undillutive. I remember them being described as Canada's gift for us. I'm looking for an explanation that a five year old can understand, ... 


5 year olds generally don't understand taxes, but, here goes... 

Exploration expenses are tax deductable.  Exploration companies don't make profits, so a tax deduction is of no immediate value to them (they can carry them forward until they are profitable, but that's a long way down the road, if ever).  Flow through shares allow them to pass that tax deduction on to the investor, who can use it against other income.  That makes those shares more valuable to the investor, so they are willing to pay a bit of a premium for them.  
Bullboard Posts