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Founded Year

1979

Stage

Unattributed VC - III | Alive

Total Raised

$12.55M

Last Raised

$4.95M | 17 yrs ago

About Canyon Resources

Canyon Resources is a Metals & Mining/Precious Metals company based in Golden, Colorado. Canyon Resources' investors include Paramount BioCapital Asset Management, Hedgehog Capital, Cantara, Heller Capital Partners, Milfam and Iroquois Capital.

Headquarters Location

14142 Denver West Parkway Suite 250

Golden, Colorado, 80401,

United States

303-278-8464

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Canyon Resources Patents

Canyon Resources has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/17/2008

4/17/2012

Medical equipment, Wireless networking, Instrument amplifiers, Computing input devices, Fender amplifiers

Grant

Application Date

11/17/2008

Grant Date

4/17/2012

Title

Related Topics

Medical equipment, Wireless networking, Instrument amplifiers, Computing input devices, Fender amplifiers

Status

Grant

Latest Canyon Resources News

South Africa: ENSafrica Tax In Brief - Issue 113 - ENS

Dec 14, 2023

case law Canyon Resources (Pty) Ltd v CSARS (68281/2016) [2023]ZAGPPHC (30 November 2023) This is an application for the setting aside and substitutionof the determination by the Commissioner for the South AfricaRevenue Service (“Commissioner” or“SARS”) regarding the diesel refundsclaimed by the applicant under rebate item 670.04 provided for inthe Customs and Excise Act, 91 of 1964 (“Customs andExcise Act”). The High Court dismissed the applicant's claim and upheldthe determination by SARS on the basis that the applicant did notproduce sufficient evidence on which the High Court could find thatSARS' determination was incorrect. Find a copy of the judgment here . SAMU v Commissioner for the South African Revenue Service(VAT 1788) [2023] ZATC 14 (30 August 2023) This is an appeal against an additional assessment raised bySARS. The Tax Court in this matter had to determine whether theappellant was entitled to claim input tax in respect of expenses itincurred to provide accommodation and meals to certain employees,as well as whether SARS, the respondent, was entitled to impose anunderstatement penalty of 10%. The employees in question were based on construction sites andwere provided with accommodation and meals. The Tax Court disallowed the input tax claim on the basis thatthe appellant is not in the hospitality entertainment business anddid not charge its employees for the meals and accommodation soprovided. The Tax Court ordered SARS to remit the understatement penaltyon the basis that the appellant's behaviour amounted to abona fide inadvertent error due to the following factors: The value-added tax (“VAT”) returns are compiled bypersonnel employed in the different division of the appellantwhereafter these are subjected to scrutiny not only by the seniorfinance manager but also by the Internal Audit department; The finance department was assured by the audit department thatthe input tax under those circumstances was claimable; and The appellant's external auditors did not raise anyconcern about the appellant claiming input tax in respect of theprovision of meals and accommodation for employees. Find a copy of the judgment here . JT International Manufacturing South Africa (Pty) Ltd vCSARS (29690/14) [2023] ZAGPPHC (10 October 2023) The High Court had to determine whether: The provisions of rebate item 460.24, read with rule 19A areperemptory, particularly insofar as timeous compliance with theprovisions of the rule is concerned; and The Commissioner has a discretion under section 75(10)(a) ofthe Customs and Excise Act, or alternatively the common law, to expost facto, with retrospective effect, exempt the applicant fromcompliance with Rule 19A.09c of the Rules to the Customs and ExciseAct. The applicant did not comply with the rules of the Customs andExcise Act. The High Court found that, assuming all customs andexcise processes were duly followed, the Commissioner would havebeen entitled to exempt the applicant from whatever prescripts of aRebate Item or process occasioned after the fact. The High Court dismissed the applicant and held that: The rules are incorporated to the Customs and Excise Act andare peremptory unless a rule or its context expressly indicatesthat it is not; The bona fides of the applicant and the facts causing thepresent issue are of little relevance. What is relevant is theapplicant's compliance or non-compliance with the Customs andExcise Act; and Neither the proviso to section 75(10)(a) nor the common lawauthorises the Commissioner to exempt non-compliance with theconditions prescribed by the Rules to the Customs and ExciseAct. Find a copy of the judgment here . Arcelormittal South Africa Limited v CSARS (2021/26916)[2023] ZAGPJHC (14 August 2023) The High Court in this matter had to determine whether theapplicant, in terms of the relevant rebate item 670.04, read withNote 6, Schedule 6/Part 3 of the Customs and Excise Act, wasentitled to claim refunds on diesel purchased by it to powerlocomotives travelling on rails in its steel manufacturingplant. The court held that, on a proper interpretation of theexpression “rail freight”, particularly having regardto the context in which the words are used, it is clear that thelegislation does not contemplate granting manufacturers refunds inrespect diesel used for locomotive rail transport within theirproduction plants. On this basis, the applicant was not entitled tothe refunds on diesel in terms of rebate item 670.04. It followsthat there is no basis for any of the relief sought by theapplicant. The application was dismissed.

Canyon Resources Frequently Asked Questions (FAQ)

  • When was Canyon Resources founded?

    Canyon Resources was founded in 1979.

  • Where is Canyon Resources's headquarters?

    Canyon Resources's headquarters is located at 14142 Denver West Parkway, Golden.

  • What is Canyon Resources's latest funding round?

    Canyon Resources's latest funding round is Unattributed VC - III.

  • How much did Canyon Resources raise?

    Canyon Resources raised a total of $12.55M.

  • Who are the investors of Canyon Resources?

    Investors of Canyon Resources include Iroquois Capital Group, Cantara, Paramount BioCapital Asset Management, Heller Capital Partners, Hedgehog Capital and 3 more.

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