Tudor Gold Corp V.TUD

What value were your GSTM shares put in at?

[LonghandStrong]

my GSTM shares arrived today (BMO). The historical SP came in at 0.55. What did the shares open at? It seems like someone could have enjoyed a pop between that and 0.55. Did everyone get them at 0.55 or is each house different? Does that seem right to you?

[Valuuuguy]

Most houses make the mistake of putting in price based on where it last traded before they post to your account.   The actual cost to you (tax and otherwise) is $0.

[Countrygent]

You know, I think I'll take the advice of the esteemed tax lawyers at Thorsteinssons LLP on my Canadian tax treatment.   (Information circular starting at page 39) "The aggregate cost (and ACB) to a Resident Holder of New Tudor Shares acquired on a Share Exchange will be equal to the amount, if any, by which the Resident Holder's ACB of its Old Tudor Shares immediately before

[Countrygent]

PS  And of course if you held your shares in a tax-sheltered RRSP, RRIF or TFSA, then the capital gains tax treatment and ACB is irrelevant.  We are only talking about bin-registered taxable accounts. cg

[Valuuuguy]

Agreed that its not 0.  As to what the FMV woudl be, its like throwing darts.  If there are no, or few, holders of shares that can sell, the price in the "market" would not equate to FMV imho. I think a better measure of FMV would be teh 26 cents financing was done at less implied value of 1/2 warrant.  But in any event no more than 26 cents.

[Countrygent]

From past experience I believe you can elect any price at which the shares traded on the exchange date - your election.  But not 100% certain.  Seek professional advice if it is a big number or you are a stickler.    Like when you have bought and sold shares in different brokerages and accounts, the book entry at your broker is not definitive, what counts is what you elect to

[NOMOREROLLBACKS]

What value for the GSTM share was determined? I cannot find the document!!!!!!! Post a pdf for us all???? And just advise also as to the number..... Thanks..