flow through shares21 May 2020 12:43
Can anyone explain Sprott's purchase of these flow through shares?
Google - "When you then donate these flow-through shares to a Canadian registered charity, you also get a donation tax credit for the market value of the shares. The charity then sells the shares to a 3rd party institutional buyer to monetize the donation. All told, the after tax cost of the donation is in the realm of 10 to 20% of the amount donated."
So does that mean the shares are issued to a charity and Sprott has promised to buy them from those third parties?
Also 1.52 CAD is 89p as far as I can see