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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Comment by bandi10on Aug 14, 2023 4:05pm
95 Views
Post# 35587666

RE:RE:RE:RE:RE:Don't give up..

RE:RE:RE:RE:RE:Don't give up..

Assets in a gain position

A transfer of assets from your nonregistered

account to your registered

account is a taxable transaction. You

will realize the capital gain on the

transfer and will need to report the

gains on your income tax return in the

year of transfer.

Assets in a loss position

There are adverse tax consequences

to transferring assets with unrealized

capital losses from your nonregistered

account to a registered

account. The loss is denied and you

cannot use the loss to offset your

capital gains.

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