CALGARY, ALBERTA–(Marketwired – March 16, 2017) –
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Groundstar Resources Limited (TSX VENTURE:GSA) (the “Company“) announces that it has received a proposal from Canada Revenue Agency (“CRA“) as a result of a recently completed audit of the Company’s renunciations of flow-through expenditures for the taxation years 2012 through 2014. CRA has determined that there has been a shortfall in the amount available for renunciation under the look-back rule in the amounts of $248,997 and $563,998 for 2012 and 2013, respectively, with no shortfall in the 2014 … Continue Reading