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1.47%

34.5¢ patriot battery metals inc.

massive incentive for exploration companies compared to what is...

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Bill town

891 Posts.

304

17/03/23

14:50

Post #: 66825592
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Originally posted by jogo: ↑

I can now answer my own question. For the sake of any others I am posting an answer:
"The term “flow-through share” is a defined term in the Act and is not a distinct type of share under corporate law. In
this case, flow-through shares refers to common shares that will be issued by the Company to investors under a written
agreement with the investors whereby the Company agrees to incur certain eligible resource exploration expenditures,
and to renounce tax losses associated with those expenditures to the investors. If the Company and the investors
comply with the rules of the Act, the investor will be entitled to deduct their proportionate share of the amount
renounced in computing the investor’s income for Canadian income tax purposes and, as a result, the flow-through
shares are issued at a higher price. The tax benefits associated with the Flow-Through Shares are available only to the
initial subscribers thereof (who are Canadian residents) and not to any other person who acquires the Flow-Through
Shares through the on-sale or transfer of those Flow-Through Shares."

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massive incentive for exploration companies compared to what is offered on the ASX

PMT Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 34.5¢		Change 0.005(1.47%)		Mkt cap ! $206.5M

Open	High	Low	Value	Volume
35.0¢	35.5¢	34.3¢	$622.0K	1.774M

Buyers (Bids)

No.	Vol.	Price($)
4	64583	34.5¢

Sellers (Offers)

Price($)	Vol.	No.
35.0¢	86883	16

View Market Depth

No.	Vol.	Price($)
4	64583	0.345
18	253962	0.340
9	45803	0.335
10	96502	0.330
7	50478	0.325

Price($)	Vol.	No.
0.350	86883	16
0.355	154412	12
0.360	140286	12
0.365	81706	7
0.370	627106	8

Last trade - 12.11pm 12/11/2024 (20 minute delay)

PMT (ASX) Chart

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