| Palladon Ventures Ltd.-PFIC Annual Information Statement | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 21, 2014) - Palladon Ventures Ltd. ("Palladon") (TSX VENTURE:PLL) has posted to its website a PFIC Annual Information Statement, which states that for Palladon's taxable year ended February 28, 2014, the pro-rata Ordinary Earnings, Net Capital Gain, and Cash/Property distributions are all $nil. Palladon disclosed on April 16, 2013 that because it is a Canadian corporation with more than 50% of its consolidated assets classified as passive, the U.S. Internal Revenue Service considers Palladon to be a passive foreign investment company ("PFIC"). In order to provide U.S. Shareholders with additional information, Palladon previously posted on its website an Important Tax Notice For U.S. Shareholders (the "Notice"). The Notice is provided for shareholders who are United States persons for purposes of the Internal Revenue Code, and is not relevant to other shareholders. U.S. Shareholders are urged to review the Notice and to consult with their own tax advisor regarding the U.S. tax consequences of the PFIC rules to their investment in Palladon. About Palladon Ventures Ltd. Palladon owns a significant minority interest in CML Holdings, Inc., which is focused on advancing the Iron Mountain project, an iron ore mine and concentrate processing plant located west of Cedar City, Utah. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Palladon Ventures Ltd
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EXPLORATION STAGE |
CODE : PLL.V |
ISIN : CA6964342084 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Palladon is a gold and copper exploration company based in United states of america. Palladon holds various exploration projects in Argentina. Its main exploration properties are IRON SPRINGS-COMSTOCK/MOUNTAIN, LA GUADALOSA and MILFORD in Argentina. Palladon is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 274 000 as of today (US$ 206 843, € 184 669). Its stock quote reached its highest recent level on May 11, 2012 at CA$ 2.14, and its lowest recent point on May 22, 2015 at CA$ 0.01. Palladon has 27 400 000 shares outstanding. |