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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Goldfool who wrote (1042)	4/7/1999 11:22:00 AM
From: Tim Davies	Respond to of 4269

they must be doing a pp to insiders etc.. flow throughs will get the tax deductions that come with exploration, and will get very cheap stock and some warrants.. its normal really. most companies offer them to there long term holders first. tim

To: Goldfool who wrote (1042)	4/7/1999 11:37:00 AM
From: ali	Read Replies (1) \| Respond to 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