AME Responds to Provincial Budget [Canadian Business Journal (Canada)]
Adams Natural Resources Fund, Inc. (PEO)
US:NYSE Investor Relations:
adamsfunds.com/funds/natural-resources/at-a-glance
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Source: Canadian Business Journal
AME Responds to Provincial Budget VICTORIA, B.C., Feb. 20, 2018 (GLOBE NEWSWIRE) — The provincial budget announced today maintains a fiscal platform for establishing B.C. as a globally competitive jurisdiction for mineral exploration and development. “Mineral exploration and development provide real and significant socio-economic opportunities and benefits to communities and First Nations in all regions of B.C., and are essential to discovering the metals and minerals required for a low-carbon future,” notes Ms. Edie Thome, President & CEO of AME. “The mining flow-through share program, as extended for a one-year term in today’s budget is one component of reinforcing B.C.’s competitiveness on the world stage.” This incentive allows individuals who invest in flow-through shares to claim a non-refundable tax credit of 20% of their B.C. flow-through expenditures. AME will continue to work with the B.C. Ministry of Energy, Mines and Petroleum Resources and Minister Michelle Mung
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