F3 Uranium (TSE:FUU) has released an update.
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F3 Uranium has clarified that the shares distributed during its F4 spin-out are not considered dividends for Canadian tax purposes, allowing for a tax-deferred exchange under Section 86 of the Income Tax Act. This move involves shareholders exchanging their shares for new F3 shares and receiving F4 shares, with no deemed dividend arising due to adjusted paid-up capital. Investors are advised to seek independent tax advice to understand their individual tax implications.
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