At least the warrants are at .35

I believe "flow-through" financing benefits expire at the end of March, companies have one last kick at the can to finance via flow-through shares, allowing participants the tax advantages.

Hg

" Each FT Unit will consist of one "flow-through" common share and one share purchase warrant of WPR, each whole such share purchase warrant entitling the holder thereof to acquire one additional common share of WPR (which shall not be a "flow-through" share) for a period of 12 months at an exercise price of $0.35 per share. "

Super Flow-Through Tax Credits

Note: Super Flow-Through Tax Credits are set to expire on March 31, 2009

“ To promote mining in Canada, the federal government has made available certain tax deductions for investments in this sector. To encourage the exploration and development of Canadian natural resources, the government allows Canadian natural resource companies to issue common shares that entitle the holder to certain tax benefits. These shares are called flow-through shares. “

All tax credits are set to expire as at March 31, 2009. Normally, federal budgets are not released until April or Many, and this year, a federal election is widely expected.

Canadian natural resource companies have certain expenses, known as Canadian Exploration Expenses (CEE), which can be deducted 100 % for tax purposes by the purchasers of flow-through shares. In addition to benefiting a taxpayer in the current taxation year, these tax deductions can be carried back 3 years and carried forward 7 years.

In addition, there is also a 15 % tax credit available to investors anywhere in Canada for grass roots mining exploration expenses incurred in Canada -- this applies only to mining of metals and minerals, and not for extraction of oil and gas. For investors in every province and territory of Canada, the tax credit is at least 15 % as long as the grass roots mining exploration occurs somewhere in Canada. In addition, some (but not all) of the provinces and territories have added their own tax credit, ranging from 5 % in Ontario to 20 % in British Columbia. The provincial tax credit only applies if the investor is resident in the province, and the exploration occurs in the same province. In addition to benefiting a taxpayer in the current taxation year, these tax credits can be carried back 3 years and carried forward 10 years.

http://mineralfields.com/index.cfm?S...