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Fury Gold Mines Ltd AUG


Primary Symbol: T.FURY Alternate Symbol(s):  FURY

Fury Gold Mines Limited is a Canada-based gold exploration company. The Company's principal business activity is the acquisition and exploration of resource projects in Canada. It owns a 100% interest in the high-grade gold Eau Claire project, which is situated on over 23,000 hectares (ha) in the Eeyou-Istchee James Bay region of Quebec. The Eau Claire project is located approximately 800 kilometers (km) north of Montreal and 350 km northwest of Chibougamau. It owns a 100% interest in the Committee Bay gold project located in Nunavut, Canada. The project includes over 250,000 ha, situated along the Committee Bay Greenstone Belt (CBGB). The CBGB comprises a number of Archean- aged greenstone belts occurring within the larger Western Churchill province of north-eastern Canada. It owns a 100% interest in the Eleonore South project. The Eleonore South project is located in the Eeyou-Istchee James Bay region of Quebec, approximately five km south of Newmont's Eleonore mine property.


TSX:FURY - Post by User

Comment by goldpolkaon Aug 11, 2020 5:07pm
173 Views
Post# 31394982

RE:RE:RE:RE:RE:RE:Listing Questions

RE:RE:RE:RE:RE:RE:Listing Questions
That makes sense.

I think that the valuation of both of the spincos (Peru companies) will need to be purchased from the TFSA or RRSP if held there.  So, I suppose any capital gain from there up to the listing amount would be taxable outside the RRSP or TFSA as a capital gain.  Then, once listed, I suppose one could just rebuy the shares in the RRSP or TFSA (or transfer the shares in kind back in at the value on that date).

It does sound like one should be ready with non-registered CASH to buy the spinco's from the registered accounts.  They may be a good buy ... but these are likely the HOOPS that will have to be navigated I suppose.

But overall, if the whole thing increases overall value, I suppose the taxation issues are a nice problem to have.
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