News

Company and Mining

02 July 2018

Summary

White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to announce that it has been advised by the Australian Taxation Office (“ATO”) that Company’s application for tax credits under the Federal Government’s Junior Minerals Exploration Incentive (“JMEI”) scheme has been assessed and fully allocated.

Highlights

  • White Cliff has received an allocation of $550,000 in JMEI credits
  • Some or all of these JMEI credits may be distributed to all eligible White Cliff shareholders as a tax offset or franking credit against the Company’s tax losses for allowable green fields exploration expenditure in the 2018/2019 financial year
  • To be eligible, a shareholder must participate in the Company’s fundraising activities during the 2018/19 financial year

Only new shares issued by White Cliff will be subject to the JMEI scheme

For further information, please see the link below to today’s ASX announcement.

ASX Announcement.