Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: dividend dispursement
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"Is it not a Tax Free disbursment (say in Trading account) as noted in the release ?"

The disbursement is a return of capital, which is not a taxable event. Instead, your ACB will be reduced by 2.75¢. for example, if you purchased CUU at 50¢, when you receive the disbursement, you technically purchased CUU at 47.25¢. It would reduce your original purchase price as though you had purchase the stock for less.

In other words, it's like a capital gain deferral for when you actually dispose of the shares. Hope this helps. Cal

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