Banks Island Gold Ltd BKSLF

Hey BXU whats your take on this . "(renounce")

[windwalker4]

The gross proceeds from the issue of the flow through shares (as defined in the Income Tax Act (Canada)) (the "Tax Act") included in the Flow-Through Units will be used on qualifying "flow-through mining expenditure" (as defined in the Tax Act) related to the Company's exploration projects. The Company intends to renounce Canadian Exploration Expenses (as defined in the Tax Act) with an effective date of no later than December 31, 2014.
Read more at https://www.stockhouse.com/news/press-releases/2014/09/12/banks-island-announces-1-5-million-non-brokered-private-placement-offering#7YYy1idC4UKgH4fz.99

I've sold my position a few weeks back cause i needed the money for LSG and MND but still watch boz for entry point.. we are at 52wk low and are a very small cap company with no proven mining life , but sometimes starting small and building from the ground up has it's rewards too!? meanwhile the mine continues a long just fine , with no major hiccups in production and more drilling ongoing on Banks Island , B.C.

still a rooky but learning.