ICG inca minerals limited

just reading the tax credit - to be eligible the new shares have...

  1. 5,708 Posts.
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    just reading the tax credit - to be eligible the new shares have to be held until June 30 2025. also it only applies for new funds raised and whaf gas been spent on greenfields exploration

    thus shares isdues in lieu of directors fees will not be eligible

    also to claim the full amount then $1.3m needs to be raised and spsnt during the financial year

    ie. if only raise $800k but only spend $600k then a third of the $600k is available, conditional on shares being held until june 30

    so potentially a second CR could happen and still be eligible for the tax credit
 
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