Q: Hi 5i,
I have some Hycroft Mining Holding Equity Warrants that Expire Oct 22, 2022 which ended up in my RRSP account after the meltdown of Allied Nevada Gold that was bought by my no-longer financial advisor. They have started to catch the attention of the CRA as I have received a letter from my bank about non-qualifying investments held in my registered account. From looking at my account transaction history they seemed to have been surrendered due to a name change in September of last year which must have started the problem. Nothing has been said about them previously.
Is there any use in hanging onto these by transferring them to my cash account or should I just sell them to eliminate the position and the problem. The previous warrants had a strike price of $8.50 if I remember correctly which I don't think I have a hope of seeing in my lifetime.
Thanks for your help.
Dave
I have some Hycroft Mining Holding Equity Warrants that Expire Oct 22, 2022 which ended up in my RRSP account after the meltdown of Allied Nevada Gold that was bought by my no-longer financial advisor. They have started to catch the attention of the CRA as I have received a letter from my bank about non-qualifying investments held in my registered account. From looking at my account transaction history they seemed to have been surrendered due to a name change in September of last year which must have started the problem. Nothing has been said about them previously.
Is there any use in hanging onto these by transferring them to my cash account or should I just sell them to eliminate the position and the problem. The previous warrants had a strike price of $8.50 if I remember correctly which I don't think I have a hope of seeing in my lifetime.
Thanks for your help.
Dave