I believe the various buyers of the shares still own them and Marquest manages them for these various flow through funds. If you read the prospectus on Sedar, search on the various pathway and mauquest under funds you can read all about them. Each flow-through investor has part of the investment renounced to him in proportion to his investment as long as it is spent on true exploration. Claim staking, land purchase ets is not allowed. So you buy $1000 worth of shares and save the tax on $1000 worth of income - in the 50% bracket you get a $500 refund. Your share costs is now zero = all written off. If you sell them later for $1000 you now have a $1000 capital gain taxed at half your rate = $250 net cost in taxes.

So at days end you get a $500 tax refund in cash, pay $250 taxes and have $750 +$500 after all this with no taxes owing = $1250.

If you stayed at home and paid your taxes on the $1000 you would have $500 after taxes.

Very good deal.