Biosign Technologies Inc BITKF

RE: another implication ..excellent Shagclub

[getinline10]

YOur reference to the CNQ website..is very...very helpful and quite simple...I think you explain it the most simply...although there are other ways to approach this too..but yours is the simplest..!From the CNQ website... "It is important to note that once a company’s securities are RRSP eligible it does not lose this status even if it is no longer listed on a prescribed exchange. An RRSP eligible company may become “private” by completing an “Election not to be a Public Corporation” and submitting it to the Canada Revenue Agency (CRA) for approval, which, if granted, will cause the company’s securities to cease to be RRSP eligible. Conversely, if a non-RRSP eligible company wishes to make its securities RRSP eligible an “Election to be a Public Corporation” or T2073-00E must be completed and submitted to CRA along with the prescribed documentation. Once approved, CRA will issue a letter to the company confirming its eligibility. The requirements for eligibility to make an election can be found in CRA’s Interpretation Bulletin 320R3.