Twenty Seven Co: Accepted into JMEI scheme for second year
- Twenty Seven Co has accepted into the junior minerals exploration incentive (JMEI) scheme for a second year
- Under the JMEI scheme, eligible shareholders who issued exploration credits entitled to refundable tax offsets or franking credits
- Over $1 million in credits secured by Twenty Seven for the 2021 financial year
- The credits also apply to income tax assessments by the Australian Tax Office
- Only shareholders who acquire shares in the company between July 1, 2020, and June 30, 2021 are also eligible for the credits
- Shares in the junior explorer are trading steady at 0.5 cents per share
