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An announcement from Ramelius Resources Limited ( (AU:RMS) ) is now available.
Ramelius Resources Limited announced that the Australian Taxation Office has issued a Class Ruling regarding the tax implications for Spartan Resources Limited shareholders following Ramelius’s acquisition of Spartan through a Scheme of Arrangement. The ruling outlines that the exchange of Spartan shares for Ramelius shares and cash constitutes a capital gains tax event, with specific provisions for partial scrip for scrip rollover relief. This ruling affects the tax obligations of Spartan shareholders and provides guidance on calculating the cost base for the new Ramelius shares they received.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.64 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Ramelius Resources Limited is a company operating in the mining industry, primarily focused on the extraction and production of gold. The company is listed on the Australian Securities Exchange (ASX) under the ticker RMS and is based in Perth, Western Australia.
Average Trading Volume: 11,214,837
Technical Sentiment Signal: Buy
Current Market Cap: A$6.52B
Learn more about RMS stock on TipRanks’ Stock Analysis page.