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Uragold Bay Resources Inc. (CVE:UBR) reports a new flow-through unit offering.
The press release is quoted as saying:
Proceeds of the flow-through shares will be used to incur general exploration expenses in Quebec. The expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada), which can be renounced to purchasers for the 2010 taxation year.
Click here to access the entire news release.
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