The former Wildcat Exploration Ltd HUB On AGORACOM

The company is now known as FUSE Cobalt.

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Message: Notes in Financial Statements - Grant Money Rcvd

Notes in Financial Statements - Grant Money Rcvd

posted on Dec 06, 2009 03:28PM

(c) Mineral exploration grants (MEAP and CEIP)

Periodically, the Company applies for mineral exploration grants (Mineral Exploration Assistance Program–“MEAP” and Corporation Exploration Incentive Program – “CEIP”) for exploration work completed on applicable claims.

Grants received from governments are recorded as a recovery of resource property costs.
The Company received mineral exploration grants of $29,811 during the nine months ended September 30, 2009 (Nine months ended September 30, 2008 - $46,961). (Schedule 1)

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