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Pan American Silver Corp. Message Board

  • sanctus7 sanctus7 Mar 8, 2010 9:46 AM Flag

    Aquiline - Compulsory Acquisition

    PAAS withheld 25% of the shares I was supposed to get - Canadian withholding tax. 25% loss upon conversion? Are they holding these shares until I file a Canadian tax return, or are these shares gone forever?

    "In that circumstance Pan American will not release any Pan American Shares, Pan American Consideration Warrants or Pan American Replacement Warrants to the Non-Resident Holder until either the Non-Resident Holder has delivered a valid Section 116 Certificate to Pan American, or Pan American has paid the Remittance Amount to the CRA for the Non-Resident Holder’s account. The Non-Resident Holder may recover any resulting overpayment of its Canadian federal income tax by filing a Canadian federal income tax return for its taxation year in which the Compulsory Acquisition occurs."

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