Jameson Resources was advised in late January that a British Colombia Mining Exploration Tax Credit in the amount if approximately CAN$0.5 million had been approved and was being processed by the Canada Revenue Agency (CRA).
The company has now received the first of two payments from CRA: remittance of CAN$548 522.63 for exploration activities conducted during the 2013 tax year. An additional payment of CAN$31 018 for 2012 activity is expected shortly, making the total amount returned to Jameson approximately CAN$579 500.
The company anticipates additional credits once the return for the 2014 tax year has been filed.
Receipt of these funds further strengthens Jameson’s financial position as it continues to execute the environmental permitting process at the flagship Crown Mountain coking coal project.
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.worldcoal.com/coal/24022015/jameson-receives-tax-refund-1956/