RE:RE:RE:RE:RE:RE:RE:RE:RE:Update from Livramento. to support your observation Canada 300, I did get the following response from Valterra from which I am currently relying upon. I do however still have some concerns from a legal perspective as to the registered investment status under Canadian tax rules for Valterra because although the stock is listed on the TSXV, (which appears to be the operative qualification for registered investment status in Canada), it is traded at TD on a manual basis, over the phone, in what would appear to be an "over the counter" market like what happens with the US listed security for Valterra. TD will not allow investors in Canada to trade this security (listed as VQA) through their automated execution system. I also do not believe that TD as a dealer is required to make a market in this security or to hold shares in inventory which is what usually occurs when a security is traded "over the counter". If anybody can provide further perspective on this issue, it would be very helpful for Canadian investors.
"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