TSX:SGR.UN - Post by User
Post by
hydra100on Dec 22, 2010 8:04am
342 Views
Post# 17880945
DAM THAT DALE
DAM THAT DALEMISSED THIS UNTIL NOW. DALE BLEW THROUGH 20ML OF YOUR - YES YOUR - MONEY. I SHOULD SAY ANOITHER 20ML. DO YOU LIKE THE PART ABOUT "AN OBLIGATION" TO GIVE AWAY THE MONEY. "RENOUNCED TO SHAREHOLDER" - BY GOOD OLD DALE. CAN YOU SPELL KICKBACK SHAREHOLDERS?
WHAT WERE THOSE BONUSES FOR?
TAKEN OFF LAST FAINANCIALS.
The Company has issued flow-through shares to finance certain of its exploration activities. The Company intends to
renounce expenditures totalling the amount of the purchase price of the flow-through shares issued to the purchasing
shareholders and as a result, tax deductibility of these costs will not be available to the Company. At the end of
September 30th, 2010, the Company had an obligation to spend $20,600,000 of flow through capital renounced toshareholders (December 31st, 2009 - $nil).