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Garibaldi Resources Corp V.GGI

Alternate Symbol(s):  GGIFF

Garibaldi Resources Corp. is a Canada-based junior exploration company. The Company is focused on creating shareholder value through discovery and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico. Its E&L Nickel Mountain nickel-copper-rich massive sulfide discovery, approximately 18 (km) southwest of the famous Eskay Creek mine, contains some of the highest nickel grades recorded in magmatic sulfide ore deposits on a global basis. The Company's projects in Canada include Otter Creek, Palm Springs Property (PSP), Red Lion, and King. The Otter Creek lode gold prospect consists of 8,704 total hectares and is located 12 kms east of Atlin in northwest British Columbia. Its projects in Mexico include La Patilla, Rodadero, Tonichi, and Iris. The Company owns a 100% interest in the La Patilla property located in Sinaloa State, Mexico. The Company owns a 100% interest in the Iris property located in Chihuahua State, Mexico.


TSXV:GGI - Post by User

Bullboard Posts
Post by EdgarLon Oct 24, 2017 3:33pm
164 Views
Post# 26852189

charitable donation question - if there's a GGI dividend

charitable donation question - if there's a GGI dividendI think some of us here should consider what charity we should donate to with our new-found Garibaldi wealth.  On this subject, I know that donating shares (instead of cash) that have gone up in value to a charity can bring tax benefits (at least for Canadians) because you are not taxed on the capital gains plus you get a donations receipt for the value of what you donate.  So you have a double benefit as I understand it.  But what I wonder is: In this case, if Garibaldi sells the project and we get a big dividend, then will that mean that we are first taxed on those capital gains?  That would mean we don't have the double benefit.  Is that correct?  
Bullboard Posts