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Gold/Mining/Energy : Flag Resources (FGR.A A)
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To: Goldfool who wrote (1042)4/7/1999 11:37:00 AM
From: ali  Read Replies (1) of 4269
 
Hi Goldfool,

these flow through shares are sold at the average share price for so many trading days and are fully tax deductable for 5 years, I think.They are for canadian taxpayers in the higher brackets and ideal to gamble with government money.Let's say you are in the 50% tax bracket and you buy these shares at let's say 24c, they actually cost you only 12c as you can recover the other 12c through your taxes payable.They also carry warrants for a year of issue whereby you can buy 1 more share for each warrant at a price of 50% more then what you paid for the flow through shares.The only stipulation is that you cannot sell these shares for one year of date of issue.
For exact information call Murdo MacLeod at 403- 262 8883
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