Coppernico Metals Inc CPPMF

Primary Symbol: T.COPR

Metals & Mining Industrial Metals & Minerals

Coppernico Metals Inc. is a Canada-based exploration company, which is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the Americas. The Company’s primary asset is the Sombrero copper-gold district located in southern Peru. The Sombrero district, which includes the Company’s flagship Sombrero project plus its ancillary concessions, covers approximately 103,000 hectares in which it holds direct and indirect interests through a combination of staking and option agreements. The Sombrero concessions are comprised of approximately 103,000 hectares located about 340 kilometers SE of Lima in southern Peru. The concessions are hosted in the northwestern extension of the Andahuaylas-Yauri belt. The principal targets at Sombrero are copper-gold skarn, porphyry systems and precious metal epithermal deposits. The Company’s subsidiary is Sombrero Minerales, S.A.C.

TSX:COPR - Post by User

Coppernico Metals Inc

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Comment by BMP2000on Jan 17, 2011 7:00pm

275 Views

Post# 17986491

RE: Capital Gains/Losses on Share Transfer

Check737 is correct - you pay tax on the capital gain but cannot claim the capital loss on transfers in kind.

See https://www.cra-arc.gc.ca/E/pub/tg/rc4466/rc4466-e.html#P44_1121

Look halfway down under the Types of Investments Allowed section.

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