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Aya Gold & Silver Inc AYA


Primary Symbol: T.AYA Alternate Symbol(s):  AYASF

Aya Gold & Silver Inc. (Aya) is a Canada-based silver producer with operations in the Kingdom of Morocco. The Company operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault. The Zgounder Silver Mine is an underground silver mine located approximately 260 kilometers (km) east of Agadir in Morocco. The Zgounder mining permit covers over 16 square kilometers (km2). It owns 100% of Zgounder Millennium Silver Mine S.A (ZMSM), which owns the Zgounder property. It also owns 85% of the Boumadine polymetallic project and owns the permits related to the Amizmiz, Azegour, Zgounder Regional and Imiter bis properties. All of these properties are located in the Kingdom of Morocco. Aya owns 75% of the Tijirit project located in Mauritania. Aya also owns Tirzzit Project, which consists of seven permits located approximately 25 km from the Zgounder property. Its wholly owned subsidiary is Aya Gold & Silver Maroc S.A.


TSX:AYA - Post by User

Comment by solarman2013on Apr 15, 2020 11:44am
103 Views
Post# 30911920

RE:RE:PAGE 90 of Prospectus

RE:RE:PAGE 90 of ProspectusThe last day of trade will only be announced after both company special meetings have confirmed the votes for the merger. Once approval is done, they have a whole bunch of work in terms of both the TSX and NASDAQ listings to bring them to a close. One can imagine they have gotten a head start on this, knowing that they have majority of shares that are for the merger.

I have guidance from TD Bank that if your shares are held in your Canadian RRSP account, the new shares will show up there, shown in Canadian $ Value, but you won't be able to buy and sell on your own, as you may now, you'll have to go through an agent on the phone from their international trading desk. There is no deamed disposition when you held your shares in an RRSP. This also likely means that trading will be more expensive.

As for dividends, they are not taxed in RRSP accounts (so long as you direct that's where you want them to go), and this is a non-issue for the remainder of 2020 anyways as it was declared that dividends by Flutter would be stopped due to the COVID19 effects on company revenues.
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