Gold, Platinum, Nickel, Copper, Chromite and Base Metal Exploration
Active in resource exploration throughout Ontario, New Brunswick, Quebec, China and Mexico
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Noront Resources > Message
Disney_world_january__2008_165

Re: Bold Venture JV News & Warrants - Miskealp1

Posted by: herbertwiebe on April 08, 2008 05:23PM

In response to: Re: Bold Venture JV News & ... by miskealp1

To recap, you said,

"If I had 1 million shares of NOT and had all my cash I could afford into NOT, and had 1 million warrants I could buy earlier than planned. I could sell 1 million of my sharesat from $6 down to say 5.23 and get the money for the million warrants and then some extra cash, Let me think if I would do that?";

Might I add just one more thought to this equation. Were the  shares in the PP designated as for exploration? If this is the designation for these shares, and I certainly believe that is what the money is used for, these shareholders will be able to WRITE THESE SHARES OFF AGAINST INCOME ON THEIR INCOME TAX FORMS. This may signicantly reduce the cost these people pay for said shares, and warrants. If the warrants are the same kind of offering, then they will act in the same manner, making them a write off as well. If I am off base here, please let me know. BUT, I would LOVE to be able to take part in a Private Placement and be able to write off the money used to buy into certain companies with "unbelievable" potential, like Noront...

Waiting to hear if I'm off base here.

Herb

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