Nickelex Resource Corp NKLXF

Primary Symbol: V.NICK

Nickelex Resource Corporation, formerly Valterra Resource Corporation, is a Canada-based resource group company. It is engaged in providing exploration, administration, and corporate development services for its operations. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties. Its 100%-owned porphyry/shear-hosted Cu-Au-Ag Swift Katie property is located approximately seven kilometers (km) south-west (SW) of the village of Salmo, British Columbia (BC). The property consists of over 19 contiguous MTO mineral claims, which covers an area of approximately 83 square km. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba (the licenses). The four licenses are located 30 km north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. The Company, through Pilar Gold Inc. and Laiva Gold Inc., has operations in Brazil and Finland.

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Nickelex Resource Corp > For Goldenhope and Others: Legal Status of Valterra Common

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Post by Scorpio2on Jan 05, 2021 3:54pm

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Post# 32226030

For Goldenhope and Others: Legal Status of Valterra Common

I did get an answer back from Graham Thatcher (Controller and CFO) and he responded as outlined below. Basically, as a registered investment the common stock can be held in a TFSA, RRSP or other registered account with the operative factor being that the common stock trades on the TSXV which is classified as a "designated" exchange as per the CRA guidelines.

"I believe shares of Valterra qualify as a registered investment in accordance with CRA rules as we are listed on the TSXV.

Please note that if you hold stock in a non-registered account and move it into a registered account, this will trigger a deemed disposal at the prevailing market price resulting in a gain or loss. The sale price will become your new ACB (adjusted cost base) in the registered account."

Regards,

Graham Thatcher, ACCA

Controller & Chief Financial Officer,

Bravada Gold Corporation

Southern Silver Exploration Corp.

Valterra Resource Corporation

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