For Goldenhope and Others: Legal Status of Valterra CommonI did get an answer back from Graham Thatcher (Controller and CFO) and he responded as outlined below. Basically, as a registered investment the common stock can be held in a TFSA, RRSP or other registered account with the operative factor being that the common stock trades on the TSXV which is classified as a "designated" exchange as per the CRA guidelines.
"I believe shares of Valterra qualify as a registered investment in accordance with CRA rules as we are listed on the TSXV.
Please note that if you hold stock in a non-registered account and move it into a registered account, this will trigger a deemed disposal at the prevailing market price resulting in a gain or loss. The sale price will become your new ACB (adjusted cost base) in the registered account."
Regards,
Graham Thatcher, ACCA
Controller & Chief Financial Officer,
Bravada Gold Corporation
Southern Silver Exploration Corp.
Valterra Resource Corporation