Re: Financing
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Welcome to the San Gold HUB on AGORACOM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Message: Financing
$15,015,000. Under the agreement, the Agents have an option, exercisable at any time on or before the second business day prior to the closing date, to offer up to an additional 2,390,000 Flow-Through Shares for $5,019,000 in additional gross proceeds.
........................................................................How Flow Through Shares Work!
As it is tax season, it feels appropriate to talk about tax strategies. There are very few tax breaks for Canadians, however, there are still some remaining. One of these tax breaks is to invest in “flow through” shares.
What are Flow Through Shares?
- These shares are issued by oil and mineral exploration companies who pass the tax breaks for exploration onto investors.
What are the tax advantages?
- If you were to invest $10,000 in flow through shares, providing that they are eligible for the tax breaks, you can claim the full $10,000 on your tax return. If you are in the 40% tax bracket, that would equate to a $4,000 tax return for that year............................
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