Archer Exploration Limited - Despatch of EDI Entitlement Statement
13.05.2016 | ABN Newswire
Adelaide, Australia - Archer Exploration Ltd. (ASX:AXE) is pleased to announce that the Exploration Development Incentive Scheme (EDI) Credits - 2015/2016 Entitlement Statement (Statement) has been sent to all Eligible Shareholders.The Company advises that $162,441 EDI credits have now been distributed to Eligible Shareholders on a pro rata basis, which equates to 0.1916 cents per Archer share held on the Record Date.
To be an Eligible Shareholder, you must have held ordinary shares in the Company as of 7pm (Adelaide time) on Wednesday, 13 April 2016 (Record Date).
The Statement is an advice only, and there is no payment.
The EDI credits apply to the 2015-16 tax year.
Shareholders should obtain their own tax advice on the EDI credits issued to them from their tax advisor.
About Archer Exploration Limited:
Archer Exploration Ltd. (ASX:AXE) is an Australian Stock Exchange listed company with 100% ownership of 15 tenements and one Exploration Licence Application all in South Australia covering 6,053 km2.
Archer also has the rights to all minerals other than uranium on EL4693 covering a further 816 km2. Archer's main project is the Campoona Graphite Project which is located within reach of established and major developing infrastructure. It has a JORC 2004 Resource of 5.27 million tonnes @ 7.6 % TC (based on 2% TC cut-off).
Contact:
Mr Greg English Chairman
Archer Exploration Ltd.
Tel: +61-8-8272-3288
Mr Gerard Anderson Managing Director
Archer Exploration Ltd.
Tel: +61-8-8272-3288