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NewsMadesco receives 2007 Venture Capital Tax Credit Allocation.Madesco received official news that the B.C. Ministry of Economic Development has approved Madesco’s application to raise $500,000 of new equity capital in 2007 under the Venture Capital Tax Credit program, which returns 30% of invested amounts to investors by way of British Columbia tax credits. “This program provides great value for investors and contributed to the success Madesco had raising funds during 2006” said Larry Cole, President of Madesco, “Madesco has an open round of finance and this announcement comes at an excellent time as it will allow us to aggressively pursue the capital needed to further our research and development program”. For further information regarding Madesco or Madesco investment opportunities, please contact either Larry Cole, President (larrycole@madesco.ca or 479-3747) or Chris Taylor, Chief Financial Officer (christaylor@madesco.ca or 415-9702) For more information about the Venture Capital Tax Credit: [Click here for News Archive]
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