OTCPK:IDIG - Post by User
Comment by
sallytucker0on May 30, 2011 12:58pm
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Post# 18644853
RE: RE: RE: RE: RE: Nuinsco Provides Update
RE: RE: RE: RE: RE: Nuinsco Provides UpdateCould be
or maybe they are in court
Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI) (www.nuinsco.ca), today advised that it has received notices of reassessment in the aggregate amount of approximately $4.4 million from the Canada Revenue Agency ("CRA") related to transactions completed in 2006. The Company is in the process of carefully reviewing these reassessments and has consulted legal counsel in this regard. The Company intends to vigorously defend what it and its counsel believe to have been a correct filing position related to these transactions. The appeal process could be lengthy and while the Company believes that its position is correct, the ultimate outcome is unknown.