Colorado raises $950k
Last updated 1/24/2018 at 5:40pm
Colorado Resources Ltd. Dec. 29 reported the closing of a C$950,000 financing that involved the issuance of 3.8 million flow-through units at C25 cents each.
Each unit consists of one flow-through common share and a warrant that entitles the holder to purchase one non-flow-through Colorado share for C40 cents until Dec. 29, 2017.
Under Canada's Income Tax Act, a flow-through financing allows...