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Gold/Mining/Energy : Canmine resources
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To: Ralph Kern who started this subject8/26/2000 10:07:47 AM
From: Marshhawk  Read Replies (1) of 2769
 
Two errors on my part that bear correction:

1) property taxes; property taxes of $370,000 were part of the purchase price and hence reflect taxes unpaid by prior owner/trustee/administrator. So apparently mgt and town are negotiating a discount on payment

2)page 20, subsequent events. Another $775,000 raised through exercise of share purchase warrants.

So if you ignore the 370k tax bite as already reflected in purchase price of refinery and if you add in 775k to cash, you basically balance current assets and current liabiities.
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