Products tagged with 'flow-through shares'
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Warrant Indenture for Flow Through Shares | Canada
Issue share purchase warrants for flow-through shares in a Canadian oil and gas company under the terms of this Warrant Indenture.
- Tax Deductions. Canadian exploration and mining companies are able to issue flow through shares at a premium because investors are considered to be funding exploration and development costs and are therefore entitled to deduct these expenses from all other income. Tax deductions and credits which are normally available only to a corporation are allowed to flow through to the holders of the shares.
- Warrants. Warrants are issued on a one-for-one basis, one warrant entitling the holder to purchase one common share of the corporation.
- Changes in Share Structure. If the corporation's shares are subdivided or consolidated, the exercise price for the Warrants will be adjusted accordingly.
- Trustee. The trustee is responsible for recording details of all warrants exercised, and accounting for all funds received for the purchase of flow through shares.
- Supplemental Issues. The indenture contains provisions for supplemental indentures.
- Jurisdiction. The Warrant Indenture for Flow Through Shares template can be used in any Canadian province or territory except for Quebec.
$31.99
Directors Resolutions to Offer Flow-Through Shares | Canada
These Director's Resolution templates are for Canadian oil and gas companies who want to offer flow-through shares to investors.
- The Board of Directors resolve to offer a specified number of flow-through shares to existing shareholders or new investors.
- Funds raised will be used for the company's exploration program.
- The second set of Resolutions authorizes the transfer of the flow-through shares from Treasury to the purchaser, after the share price has been received.
- The company will 'flow through' to the shareholder certain tax deductions that are generated from the company's capital expenditure programs.
- The Director's Resolution templates can be used by companies incorporated in any Canadian province or territory that has a Business Corporations Act.
- Add the digital file to your cart, click the 'Check Out' button and pay for your purchase through our secure payment server. You can then download the form.
$6.29 $4.99
Subscription Agreement for Flow Through Shares | Canada
Offer flow-through shares in a Canadian oil and gas company to investors under the terms of this standard Subscription Agreement.
- Use of Proceeds. Funds raised through the sale of the flow-shares will be used to finance the company's oil and gas exploration program.
- Qualified Expenses. The issuing company covenants to incur expenditures which will qualify as Canadian exploration expenses or Canadian development expenses under the Income Tax Act (Canada).
- Warranty. The issuer represents and warrants that the shares are flow-through shares, as defined by the Income Tax Act.
- Flow-Through of Expenditures. The issuer will flow through the expenditures to the purchaser, and will file the prescribed forms with the Minister of National Revenue.
- Indemnification. The issuer will indemnify and save the purchaser harmless from any income tax payable on the flow-through shares.
- How to Obtain the Form. To download the Flow-Through Share Subscription Agreement, click the button to add it to your cart, then check out and pay for the form.
$17.99
