St James Gold Corp V.LORD

Alternate Symbol(s): LRDJF

Metals & Mining Industrial Metals & Minerals

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).

TSXV:LORD - Post by User

St James Gold Corp

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Comment by sobermindon Jan 17, 2008 10:39pm

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Post# 14222342

RE: Who is selling??

Plus those who participated in the last flow-through shares private placement at 25 cents per share. Since flow-through shares are deemed to be zero cost for Canadian Income Tax Purposes, the whole amount of net proceeds from sale of flow-through shares are reported as Capital Gain (Since those flow-through shares participants are allowed to deduct 100% of their flow-through share purchase costs in their 2007 Income Tax Returns).

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