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Canada Subscription Agreement for Flow Through Shares

Use this template to prepare a Subscription Agreement to purchase flow through shares issued by a Canadian oil and gas company, with the proceeds to finance exploration.
  • The issuing corporation covenants to incur expenditures which will qualify as Canadian exploration expenses or Canadian development expenses under the Income Tax Act.
  • The issuer represents and warrants that the shares are flow-through shares, as defined by the Act.
  • The issuer will flow through the expenditures to the purchaser, and will file the prescribed forms with the Minister of National Revenue.
  • The issuer will indemnify and save the purchaser harmless from any income tax payable on the flow-through shares.
This Canada Subscription Agreement for Flow Through Shares is in MS Word format and is fully editable.

Download: Canada Subscription Agreement for Flow Through Shares

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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