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Document Id : 303

File Type : Microsoft Word

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Canada Subscription Agreement for Flow Through Shares

Purchase flow-through shares in a Canadian oil and gas company with this template Subscription Agreement.

  • The flow-through shares are issued by the company to investors, with the proceeds to finance further oil and gas exploration.
  • The issuer covenants to incur expenditures which will qualify as Canadian exploration expenses or Canadian development expenses under the Income Tax Act (Canada).
  • The issuer represents and warrants that the shares are flow-through shares, as defined by the Income Tax 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.

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