RE:RE:Triple Point Response from Atlas re registered accounts :
Thank you for your continued support as a Shareholder in Atlas Salt and Triple Point Resources.
Please see the response from Atlas Salt regarding your question about Triple Point Resources' registered account eligibility.
Our (Atlas) understanding from legal advice is that Triple Point Resources, a spinout company from Atlas Salt Inc., expects to qualify as an eligible investment in registered accounts based on TPR filing certain election Forms with the CRA prior to December 31 2022 which TPR is in the process of completing. How particular brokers deal with the TPR shares in registered accounts is a matter to be resolved between the TPR shareholder and their broker.
For our purposes we are using a Fair Market value of $0.05 for the TPR shares distributed on a per share basis for the distribution date of September 22 2022, although that valuation is not binding on the CRA.
This is not tax advice and each shareholder is advised to consult a professional tax advisor to deal with their own particular circumstances.
Best regards,
Atlas Team
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