Replies to post #2305 on Mexus Gold US (fka MXSG)

[A Dinosaur]

From the SEC Filing:

"5. Argonaut is responsible for paying all land taxes, annual concessions or permit fees and the monthly lease of US$1,000 during the term of the Agreement. In addition, prior to July 6, 2016, Argonaut must expend a minimum of US$600,000 in expenditures relating to drilling Reverse Circulation and/or Core or a combination of both drill holes in relation to the Mining Concessions."

Is the "mining tax" you're referring to a "land tax"? If so, Argonaut will pay it.

Dino

[8thaero]

Mexus 20% Newco pays fees not taxes says agreement if std terms apply. But much remains to be seen. You pay tax on overall income not on a product I think applies. But AR gets to reduce by expense to produce. Pretty fuzzy areas right now. Mexus HAS expenses already as well in that division. 8