The tax credits go to any new placement share during 24-25, not existing holders, similar to the Canadian scheme been going for years. It makes Cr placements easier to get away and at higher prices because on top of the discount to market price for the next CR, placement shares also get tax credits on top. Theory is companies can raise at lower discounts to market because the tax credits reduce the cost of shares, maybe even raise at a premium to market price?
Can't help myself, but if DRE was as successful in exploring for deposits as they are exploring for ways to get government funding, they wouldn't be languishing at 2c... got to be the most active and successful guvvie funding-explorers in the junior market?
GLTAH
Ann: Junior Minerals Exploration Incentive, page-15
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