Fury Gold Mines Ltd T.FURY

Alternate Symbol(s): FURY

Metals & Mining Gold

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

Fury Gold Mines Ltd

Bullboard Posts

Comment by goldpolkaon Nov 19, 2020 12:34pm

209 Views

Post# 31933462

RE:RE:Tax treatment of spin out ?

Capital gains are never listed on T5's.

I am pretty familiar with "spin outs". Depending on the tax treatment and structure of the deal, they can be treated quite differently.

The question for the company is ... "will you be treating the distribution of shares of Peruvian companies (Tier One and Sombrero Resources) as dividends" ? And if so, will you be giving shareholders a T5 (which indicates the amount of the divided).

Bullboard Posts

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