Post by
highper on Oct 28, 2022 9:00pm
goldstorm committed to spend big time next year - flow thru
The entire gross proceeds from the issue and sale of the FT Units and Subscription Receipts will be used for Canadian Exploration Expenses as defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Tax Act and “flow through mining expenditures” as defined in subsection 127(9) of the Tax Act that will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures“), which will be incurred on or before December 31, 2023 and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units and Subscription Receipts.
Comment by
highper on Oct 28, 2022 9:04pm
If i read correctly, they raised over $3 million dollars of flow thru shares. Most of goldstorm properties were optioned from teuton - it has very health and protected nsr agreements on those...