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Document Id : 282
File Type : Microsoft Word
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Canada Directors Resolution to Purchase Flow-Through Shares
Prepare a Director's Resolution for a Canadian oil and gas company to make an offer to purchase flow-through shares with this downloadable template.
- The Board of Directors resolve to make an offer to a shareholder (investor) to purchase flow-through shares from the shareholder.
- The shares are called flow-through shares because the company agrees to flow through to the purchasers of these shares certain tax deductions that are generated from the company's capital expenditure programs.
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