TSX-listed AuRico Metals has launched a C$5-million flow-through financing for use in qualifying ‘Canadian exploration expenses’ at the company’s Kemess East project, located in British Columbia.
Flow-through shares carry the feature providing that money raised through the sale of such shares for Canadian exploration expenses, can be renounced by the company and flowed through in favour of the purchasers of the shares, making it a tax efficient vehicle for investors.
