White Cliff Minerals (WCN) has been advised by the Australian Taxation Office that Company's application for tax credits under the Federal Government's Junior Minerals Exploration Incentive (JMEI) scheme has been assessed and fully allocated. The JMEI scheme enables eligible exploration companies to create refundable tax credits to distribute to eligible shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on "greenfield" exploration. White Cliff has received an allocation of $550,000 in JMEI credits
http://crweworld.com/australia/tren...plication-for-allocation-of-jmei-tax-credits-
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