Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of 400 m and a known depth of 250 m.

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Newport Exploration Ltd

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Comment by lookin2retireon Oct 02, 2015 6:44pm

35 Views

Post# 24159211

RE:RE:Taxes?

lookin2retire wrote:

·

Dividends, interest and royalties will be subject to tax in the country of source, but there is a general limit on the tax that that country may charge of 15 per cent for dividends and interest and 10 per cent for royalties.

https://law.ato.gov.au/atolaw/view.htm?dbwidetocone=06%3AEXT%3AExplanatory%20Memorandum%20and%20SRS%3A1980%3AIncome%20Tax%20(International%20Agreements)%20Amendment%20Act%20(No.%202)%201980%3AExplanatory%20Memorandum%20-%20House%20of%20Representatives%3A%2300001%23Introductory%20note%3B

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