Sombrero Resources Now Eligible for Canadian Tax Registered Email from Sombrero:
Vancouver, Canada – June 22, 2021 – Sombrero Resources Inc. (“Sombrero” or the “Company”) is pleased to announce that the Company has filed an election with the Canada Revenue Agency to become a public corporation under the Income Tax Act (Canada) (the “Tax Act”). As a result, Sombrero’s common shares are now eligible investments for Canadian RRSP, TFSA and the other registered accounts described below.
The election will be retroactively effective to a date prior to the October 9, 2020 transaction, pursuant to which the Sombrero shares were spun out from Auryn Resources.
As a result of making this election, the shares of the Company are now considered to be qualified investments under the Tax Act and the Regulations thereto in respect of Canadian residents holding shares via trusts covered by a “registered retirement savings plan” (“RRSP”), “registered retirement income fund” (“RRIF”), “tax-free savings account” (“TFSA”), “registered education savings plan” (“RESP”), “registered disability savings plan” (“RDSP”) (collectively referred to as “Registered Plans”) and a “deferred profit sharing plan” (collectively with the Registered Plans referred to as “Plans”). Further information is available on the Company’s website.